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Champion Iron Limited (CIA-T) has had a strong quarter, with revenue and EPS beating estimates. The company's $470.7-million direct reduction pellet feed (DRPF) project at its Bloom Lake iron ore complex in Quebec is expected to further contribute to its growth. Despite being at the bottom of a not-bad trading range, experts see potential for the stock to rise. Overall, the company is showing positive signs of growth and potential for investment.
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.
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
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
A junior iron ore exploration company that operates in the Labrador trough in Northeast Québec/Western Labrador. Canadian National (CNR-T) announced they were not going to go ahead with the expansion of a rail line. Companies like this were dependent on that rail line to get their material out. Alternatives now include having to cut a deal with existing rail lines. Properties are fine, but with a lack of infrastructure and weakness in iron ore prices the stock was clobbered, it’s a Hold at best.
He would call this a Hold given the activity in the Québec Labrador trough. Have 2 excellent properties with a billion punt potential of iron ore in that trough. The problem is there is an excess supply of iron ore in the market.
Champion Iron Limited is a Canadian stock, trading under the symbol CIA-T on the Toronto Stock Exchange (CIA-CT). It is usually referred to as TSX:CIA or CIA-T
In the last year, 1 stock analyst published opinions about CIA-T. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Champion Iron Limited.
Champion Iron Limited was recommended as a Top Pick by on . Read the latest stock experts ratings for Champion Iron Limited.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Champion Iron Limited In the last year. It is a trending stock that is worth watching.
On 2024-11-01, Champion Iron Limited (CIA-T) stock closed at a price of $5.61.
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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