Champion Iron Limited (TSE:CIA – Get Rating) – Equities research analysts at Raymond James reduced their FY2023 earnings estimates for Champion Iron in a research note issued to investors on Monday, April 3rd. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.39 per share for the year, down from their prior forecast of $0.42. Raymond James currently has a “Outperform” rating and a $8.25 target price on the stock. The consensus estimate for Champion Iron’s current full-year earnings is $0.78 per share. Raymond James also issued estimates for Champion Iron’s Q4 2023 earnings at $0.17 EPS, Q1 2024 earnings at $0.22 EPS, Q2 2024 earnings at $0.22 EPS, Q3 2024 earnings at $0.21 EPS, Q4 2024 earnings at $0.19 EPS and FY2024 earnings at $0.84 EPS.
Champion Iron (TSE:CIA – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The company reported C$0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.09 by C$0.01. Champion Iron had a net margin of 18.07% and a return on equity of 20.10%. The business had revenue of C$351.23 million for the quarter, compared to analyst estimates of C$359.90 million.
Champion Iron Trading Down 2.2 %
Shares of Champion Iron stock opened at C$6.16 on Wednesday. Champion Iron has a 52-week low of C$3.99 and a 52-week high of C$7.60. The company has a quick ratio of 2.01, a current ratio of 2.65 and a debt-to-equity ratio of 45.39. The company’s 50-day simple moving average is C$6.73 and its 200-day simple moving average is C$5.98. The firm has a market cap of C$3.19 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of -1.35 and a beta of 1.57.
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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