In today’s briefing:
- Champion Iron Q1 2025: Inline, High-Grade Iron Ore on Critical Minerals List in Canada
Champion Iron Q1 2025: Inline, High-Grade Iron Ore on Critical Minerals List in Canada
- Champion Iron (CIA AU) reported an inline Q1 FY25, with revenue/earnings up 57%/308% YoY owing to a 34% YoY volume increase and better pricing.
- The company reiterated its guidance for 15 million tons of production and equivalent sales. It is working on improving logistics after forest fires and other port/rail issues.
- The stock trades at 8.5x PE and a 6% dividend yield for FY25e ( assuming iron ore prices of USD 108/ton with a 15 USD/ton premium on 65% Fe).
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