Champion Iron (TSE:CIA – Get Free Report) had its price objective lifted by equities research analysts at Scotiabank from C$7.00 to C$7.25 in a research note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 21.44% from the stock’s previous close.
Separately, Raymond James dropped their price target on shares of Champion Iron from C$8.50 to C$8.00 in a research note on Monday, April 1st.
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Champion Iron Price Performance
Champion Iron (TSE:CIA – Get Free Report) last released its quarterly earnings data on Friday, May 31st. The company reported C$0.05 earnings per share for the quarter, beating the consensus estimate of C$0.01 by C$0.04. The firm had revenue of C$332.67 million for the quarter, compared to analyst estimates of C$340.30 million. Champion Iron had a net margin of 17.92% and a return on equity of 23.32%. On average, analysts forecast that Champion Iron will post 0.6653386 EPS 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.
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