Champion Iron Ord Shs T.CIA

Alternate Symbol(s): CIAFF

Steel Steel

Champion Iron Limited is an Australia-based iron ore exploration and development company. The Company, through its wholly owned subsidiary, Quebec Iron Ore Inc., owns and operates the Bloom Lake Mining Complex, located on the south end of the Labrador Trough, approximately 13 kilometers (km) north of Fermont, Quebec. Bloom Lake is an open-pit operation with two concentrators that primarily source energy from renewable hydroelectric power. The Company ships iron ore concentrate from Bloom Lake by rail, to a ship loading port in Sept-lles, Quebec, and has sold its iron ore concentrate to customers globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. In addition to Bloom Lake, Champion owns a portfolio of exploration and development projects in the Labrador Trough, including the Kamistiatusset Project, located a few km south-east of Bloom Lake, and the Cluster II portfolio of properties, located within 60 km south of Bloom Lake.

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Champion Iron Ord Shs > Another Upgrade

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Comment by retiredcfon Apr 30, 2021 5:54am

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Post# 33099559

RE:Another Upgrade

retiredcf wrote:
In response to the rise in iron prices, Raymond James analyst Brian MacArthur raised his target prices for Champion Iron Ltd. (“outperform”) to $7 from $6.50 and Labrador Iron Ore Royalty Corp. (“market perform”) to $39 from $37. The averages on the Street are $6.85 and $39.71, respectively.

“Iron ore prices continue to increase with P65 prices now over US$215 per ton,” he said. “In our view, the recent prices reflect ongoing strong demand supported by commitments to reduce emissions from steel making. In addition, 1Q production from major producers (Vale and Rio Tinto) that was in-line, or lower-than-expected, as well as terminal challenges (CSN) highlight the supply challenges the industry is currently facing to meet demand. Given this situation, we have again increased our 2021 calendar Fe 65 price forecast.”