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Peter Imhof Champion Iron Limited CIA-T BUY Jun 13, 2019

It was going to be a top pick. He has done extremely well. Iron ore prices have moved up quite a bit. It is the right time and right place. Cash flows will continue to rise. It is one of the best companies in the resource side.

Peter Imhof

Owned

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$2.930

Stock price when the opinion was issued

Mining

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HOLD

They purchased the balance of their project from the government. It is trading very cheap. They do not have major issues with China. It will be highly sensitive to global iron ore prices. There have been shut downs in Colombia, which has benefited them. It would be a hold for him as iron ore prices might weaken going forward.

HOLD

CIA bought cheap assets from a bankrupt competitor and at the same time iron ore prices have taken off this year. CIA has had a great run, so stick with it. Iron ore prices are artificially high, and will pull back eventually. Until then, CIA is a cash-flow machine. Don't buy this now, because iron prices may be peaking now. A good company.

TOP PICK

They hold Quebec assets. They just reported a quarter that blew away expectations. The iron ore price has bounced back, and CIA produces high-grade iron ore, so they fetch a premium price. Also, transporatation costs have declined in the last month. If China comes back into the fray, CIA will enjoy huge growth. (Analysts’ price target is $3.33)

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company announced a very solid quarter with a strong outlook. Even with the big run up, the stock is cheap on all metrics with a very strong balance sheet. If there is global growth, the company looks very solid. Unlock Premium - Try 5i Free

WAIT

CIA vs. LIF Iron ore prices are pretty high, and it's not in short supply. If you're more aggressive, buy CIA. If you want to sit back and collect the cashflow, buy LIF. Be cautious on buying them in the short term, due to price weakness.

WEAK BUY

Hard commodity to play. Inflation means it's not a bad time to buy. A buy, with a $6 target. Eventually we'll get out of Covid, and iron will be needed. He'd rather go with copper, or silver, that's where the biggest leverage is going to be.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. EPS at $0.14 beat estimates and revenues also beat estimates. While they did not generate positive free cash flow in the last quarter, they have been cash flow positive over the past few years. Balance sheet is strong and the current multiple is 7x forward P/E. Strong fundamentals. Unlock Premium - Try 5i Free

WEAK BUY

On a downslide to the bottom of a not-bad trading range. Sticking his neck out, but thinks it's a buy right now, with potential of $6.40. Bottom of the range is $4.40 and if it goes below, there's a lot of nothingness to the $1-2 range.

HOLD

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

EPS came in at $0.24 beating estimates of $0.20. Revenue came in at $506.89M beating forecasts of $486.08M and displayed growth of 31% year-over-year. Profit more than doubled on a year-over-year basis coming in at $126.46M. The board approved the company's $470.7-million direct reduction pellet feed (DRPF) project at its Bloom Lake iron ore complex in Quebec which is expected to be in service in the second half of 2025. This is a solid quarter from CIA, nicely beating both revenue and EPS estimates and shares are up ~4% thus far on the day.
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Peter Imhof Champion Iron Limited CIA-T BUY Jun 13, 2019

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