FY2022 Earnings Forecast for Champion Iron Limited Issued By...

FY2022 Earnings Forecast for Champion Iron Limited Issued By Raymond James (TSE:CIA)

Posted by admin on Apr 29th, 2022

Champion Iron Limited (TSE:CIA – Get Rating) – Equities research analysts at Raymond James lifted their FY2022 earnings per share estimates for shares of Champion Iron in a report issued on Thursday, April 28th.

Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $1.01 per share for the year, up from their previous estimate of $0.97.

Raymond James currently has a “Outperform” rating and a $8.75 price target on the stock.

Raymond James also issued estimates for Champion Iron’s Q4 2022 earnings at $0.21 EPS, Q1 2023 earnings at $0.23 EPS, Q2 2023 earnings at $0.25 EPS, Q3 2023 earnings at $0.27 EPS, Q4 2023 earnings at $0.27 EPS and FY2023 earnings at $1.02 EPS.

Champion Iron (TSE:CIA – Get Rating) last issued its quarterly earnings results on Wednesday, January 26th. The company reported C$0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.03. The business had revenue of C$253.02 million for the quarter, compared to analyst estimates of C$230.50 million.

A number of other brokerages have also weighed in on CIA. TD Securities boosted their price objective on shares of Champion Iron from C$7.00 to C$8.50 and gave the company a “buy” rating in a report on Friday, March 25th. Scotiabank boosted their price objective on shares of Champion Iron from C$7.50 to C$8.50 in a report on Wednesday, April 13th.

Shares of CIA opened at C$6.64 on Friday. The firm has a market capitalization of C$3.36 billion and a PE ratio of 6.24. The company has a debt-to-equity ratio of 30.82, a current ratio of 2.00 and a quick ratio of 1.70. Champion Iron has a 1-year low of C$3.71 and a 1-year high of C$7.59. The company’s fifty day moving average price is C$6.57 and its 200-day moving average price is C$5.45.

The firm also recently declared a dividend, which was paid on Tuesday, March 1st. Shareholders of record on Tuesday, March 1st were issued a $0.10 dividend.