Champion Iron (TSE:CIA) Raised to “Strong-Buy” at Citigroup

Citigroup upgraded shares of Champion Iron (TSE:CIA) to a strong-buy rating in a report issued on Sunday,Zacks.com reports.

A number of other research firms have also recently commented on CIA. Raymond James set a C$8.00 target price on Champion Iron and gave the stock an “outperform” rating in a research note on Thursday, January 2nd. TD Securities reduced their price target on shares of Champion Iron from C$8.00 to C$7.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Desjardins upgraded shares of Champion Iron to a “moderate buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$7.63.

Champion Iron Trading Down 2.2 %

Shares of TSE:CIA traded down C$0.12 on Friday, hitting C$5.29. The company had a trading volume of 64,924 shares, compared to its average volume of 364,463. Champion Iron has a 1 year low of C$4.74 and a 1 year high of C$7.58. The company has a quick ratio of 2.01, a current ratio of 2.42 and a debt-to-equity ratio of 42.65. The firm’s 50-day simple moving average is C$5.22 and its two-hundred day simple moving average is C$5.49. The firm has a market capitalization of C$2.74 billion, a price-to-earnings ratio of 9.28, a P/E/G ratio of -1.35 and a beta of 1.39.

Champion Iron (TSE:CIA) last posted its earnings results on Thursday, October 31st. The company reported C$0.04 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.07). Champion Iron had a return on equity of 22.52% and a net margin of 17.64%. During the same period in the previous year, the company posted $0.12 EPS. Equities analysts anticipate that Champion Iron will post 0.5958254 earnings per share for the current fiscal year.

About Champion Iron

Champion Iron Limited engages in the acquisition, exploration, development, and production of iron ore deposits in Canada. Its flagship projects include the Bloom Lake Mine located in south end of the Labrador; the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in Quebec; and the Kamistiatusset project located in the Labrador.