Brokers

Brokers Issue Forecasts for Champion Iron Limited’s Q1 2023 Earnings (TSE:CIA)

Champion Iron Limited (TSE:CIAGet Rating) – Equities research analysts at B. Riley lowered their Q1 2023 earnings per share estimates for Champion Iron in a report released on Tuesday, July 12th. B. Riley analyst L. Pipes now anticipates that the company will post earnings per share of $0.17 for the quarter, down from their prior estimate of $0.24. The consensus estimate for Champion Iron’s current full-year earnings is $0.88 per share. B. Riley also issued estimates for Champion Iron’s Q4 2023 earnings at $0.21 EPS. Champion Iron (TSE:CIAGet Rating) last announced its quarterly earnings results on Thursday, May 26th. The company reported C$0.24 EPS for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.06. The firm had revenue of C$331.38 million for the quarter, compared to analyst estimates of C$222.70 million.

Several other research analysts have also recently weighed in on the company. Clarkson Capital reissued a “buy” rating on shares of Champion Iron in a research report on Tuesday, June 14th. TD Securities increased their price objective on Champion Iron from C$7.00 to C$8.50 and gave the stock a “buy” rating in a report on Friday, March 25th. Raymond James decreased their target price on Champion Iron from C$8.75 to C$8.25 and set an “outperform” rating on the stock in a research note on Wednesday, July 6th. Royal Bank of Canada upped their target price on Champion Iron from C$7.50 to C$8.50 and gave the stock an “outperform” rating in a research note on Friday, May 27th. Finally, Scotiabank increased their price objective on Champion Iron from C$7.50 to C$8.50 in a research report on Wednesday, April 13th.

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Shares of TSE CIA traded down C$0.01 during midday trading on Thursday, hitting C$4.12. 41,775 shares of the stock traded hands, compared to its average volume of 624,259. The business has a 50 day moving average price of C$5.81 and a two-hundred day moving average price of C$6.05. Champion Iron has a one year low of C$3.71 and a one year high of C$7.59. The company has a market cap of C$2.13 billion and a PE ratio of 4.13. The company has a debt-to-equity ratio of 32.48, a quick ratio of 1.56 and a current ratio of 2.08.

The company also recently announced a dividend, which was paid on Tuesday, June 28th. Stockholders of record on Tuesday, June 28th were paid a $0.10 dividend. This represents a dividend yield of 1.43%. The ex-dividend date was Monday, June 6th. Champion Iron’s payout ratio is presently 10.00%.

Champion Iron Company Profile (Get Rating)

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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Earnings History and Estimates for Champion Iron (TSE:CIA)

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