Champion Iron (CIA) Set to Announce Earnings on Thursday

Champion Iron (TSE:CIA) will issue its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of C$0.11 per share for the quarter.

Champion Iron (TSE:CIA) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$0.16 earnings per share for the quarter, missing the consensus estimate of C$0.17 by C($0.01). The company had revenue of C$467.08 million during the quarter, compared to the consensus estimate of C$454.50 million. Champion Iron had a net margin of 17.64% and a return on equity of 22.52%.

Champion Iron Stock Performance

CIA opened at C$5.41 on Wednesday. Champion Iron has a 1 year low of C$4.74 and a 1 year high of C$7.77. The company has a debt-to-equity ratio of 42.65, a current ratio of 2.42 and a quick ratio of 2.01. The company has a market capitalization of C$2.80 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of -1.35 and a beta of 1.39. The business has a fifty day simple moving average of C$5.68 and a 200 day simple moving average of C$5.89.

Analysts Set New Price Targets

CIA has been the subject of several analyst reports. Desjardins set a C$8.25 price objective on shares of Champion Iron and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Scotiabank raised their price objective on Champion Iron from C$7.00 to C$7.25 and gave the company a “sector perform” rating in a research note on Monday, July 15th.

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.