Champion Iron (CIA) to Release Earnings on Wednesday
Champion Iron (TSE:CIA) is set to release its earnings data before the market opens on Wednesday, July 31st. Analysts expect Champion Iron to post earnings of C$0.12 per share for the quarter.
Shares of CIA stock traded up C$0.06 during mid-day trading on Tuesday, reaching C$2.65. 131,313 shares of the company were exchanged, compared to its average volume of 896,068. Champion Iron has a fifty-two week low of C$0.89 and a fifty-two week high of C$3.15. The company has a quick ratio of 2.00, a current ratio of 2.75 and a debt-to-equity ratio of 111.70. The company has a market capitalization of $1.13 billion and a P/E ratio of 14.50. The company has a 50 day moving average price of C$2.73.
A number of research firms have commented on CIA. Raymond James set a $29.00 price objective on shares of Seacoast Banking Co. of Florida and gave the stock a “buy” rating in a report on Friday, June 21st. TD Securities lifted their price objective on shares of Champion Iron from C$3.50 to C$3.75 and gave the stock a “buy” rating in a report on Friday, June 21st. B. Riley reaffirmed a “buy” rating on shares of Champion Iron in a report on Wednesday, April 24th. Finally, Laurentian lifted their price objective on shares of Champion Iron from C$4.00 to C$4.25 in a report on Friday, June 21st.
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 Québec, 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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