Royal Bank of Canada Boosts Champion Iron (TSE:CIA) Price Target to C$3.75

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Champion Iron (TSE:CIA) had its price objective upped by Royal Bank of Canada from C$3.00 to C$3.75 in a research report report published on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also weighed in on CIA. TD Securities boosted their price target on shares of Champion Iron from C$3.50 to C$3.75 and gave the stock a buy rating in a research report on Thursday, July 30th. Canaccord Genuity boosted their price target on shares of Champion Iron from C$2.75 to C$3.25 in a research report on Monday, July 20th. Finally, Raymond James boosted their price target on shares of Champion Iron from C$3.25 to C$3.50 and gave the stock an outperform rating in a research report on Thursday, July 30th.

CIA stock opened at C$2.95 on Monday. The stock has a market capitalization of $1.30 billion and a P/E ratio of 11.17. The firm has a 50-day simple moving average of C$2.70 and a 200-day simple moving average of C$2.14. The company has a quick ratio of 2.40, a current ratio of 2.79 and a debt-to-equity ratio of 58.57. Champion Iron has a 52 week low of C$0.96 and a 52 week high of C$3.10.

Champion Iron (TSE:CIA) last released its earnings results on Wednesday, May 20th. The company reported C$0.04 EPS for the quarter, missing analysts’ consensus estimates of C$0.10 by C($0.06). The firm had revenue of C$175.70 million for the quarter, compared to analyst estimates of C$177.60 million. On average, analysts expect that Champion Iron will post 0.41 earnings per share for the current year.

About Champion Iron

Champion Iron Limited explores, develops, and produces iron ore in Quebec, Canada. Its flagship projects include the Bloom Lake mine, which consists of BM877 mining lease and 114 mining claims located in Qu├ębec, Canada; and the Consolidated Fire Lake North project that includes the Fire Lake North, Don Lake, Bellechasse, and Oil Can deposits situated in northeastern Quebec.

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