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 Gr8brt10on Jun 09, 2023 4:08am

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Post# 35487966

MACQUARIE RESEARCH upgrade

MACQUARIE RESEARCH Upgrades Champion Iron (ASX:CIA)June 08, 2023 — 08:18 am EDT by George Maybach for Fintel

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.

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

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