Bullboard - Stock Discussion Forum 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... see more

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TSX:CIA - Post Discussion

Champion Iron Ord Shs > Raymond James

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Post by retiredcf on Jul 06, 2023 10:21am

Raymond James

Raymond James’ Brian MacArthur trimmed his Champion Iron Ltd. target to $8 from $8.25 with an “outperform” rating. The average is $7.59.

“We believe Champion offers investors good exposure to premium iron ore through its Bloom Lake asset, which is a long-life, lower-cost asset producing, high-grade iron ore concentrate (66-per-cent Fe) located in Quebec, a lower-risk jurisdiction,” he said. “In addition, we believe Champion has growth through its Bloom Lake Phase 2 expansion project at favourable capital costs, given the previous owners spent significant capital. Given Champion’s exposure to premium iron ore (which we believe should trade at a premium given structural changes in the iron ore industry), high-quality asset, growth potential, and low jurisdictional risk, we rate the shares Outperform.

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