MACQUARIE RESEARCH Upgrades Champion Iron (ASX:CIA)
Nasdaq Fintel reports that on May 31, 2023, MACQUARIE RESEARCH upgraded their outlook for Champion Iron (ASX:CIA) from Neutral to Outperform .
Analyst Price Forecast Suggests 30.78% Upside
As of June 2, 2023, the average one-year price target for Champion Iron is 7.90. The forecasts range from a low of 7.07 to a high of $8.82. The average price target represents an increase of 30.78% from its latest reported closing price of 6.04.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Champion Iron is 1,898MM, an increase of 50.33%. The projected annual non-GAAP EPS is 0.83.
Champion Iron Maintains 3.70% Dividend Yield
At the most recent price, the company's dividend yield is 3.70%.
Additionally, the company's dividend payout ratio is 0.50. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.