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

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Post by retiredcfon Jun 07, 2022 11:16am

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Not familiar with this firm. GLTA

On the heels of the late May release of its fourth-quarter financial results, B. Riley analyst Lucas Pipes sees Champion Iron Ltd. (CIA-T) “well-positioned to balance growth with capital returns.

In a research note released Tuesday, he raised his full-year earnings per share projection for the Montreal-based company to 90 cents from 80 cents.

Mr. Pipes maintained a “buy” rating and $11 target for its shares. The average is $8.84.

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