Champion Iron in the Spotlight as Analysts Forecast Over 40% Upside

Fri 30 May 25, 05:14 AM | Team Kalkine

Image source: Shutterstock

Highlights

TD Cowen has issued a buy rating on Champion Iron with a price target of AUD 6, indicating over 40% upside from current levels.

Bell Potter Securities has also issued a buy rating with a price target of AUD 6.20, representing a potential upside of 45.2%.

Champion Iron operates the Bloom Lake iron ore mine in Quebec, Canada, and is developing the Fire Lake North project in the same region.

FY25 revenue stood at CAD 1.6 billion, matching consensus estimates; EBITDA was CAD 471 million, and net profit was CAD 142 million, down 37% YoY.

ASX-listed iron ore miner Champion Iron Ltd (ASX:CIA) has received a vote of confidence from leading brokers. TD Cowen has issued a buy rating on the stock, setting a price target of AUD 6, which represents over 40% upside from its current trading level. In a similar move, Bell Potter Securities has also recommended the stock as a buy, with an even more bullish target of AUD 6.20, suggesting a 45.2% increase from present valuations.

Champion Iron is considered undervalued by analysts, despite operating one of the world's highest-grade iron ore operations — the Bloom Lake mine in the Labrador Trough of Quebec, Canada. The company is also advancing development at the nearby Fire Lake North project, further enhancing its production potential in the region.

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