courtesy of retiredcf on stockhouse forum
Mr. MacArthur (Raymond James) also increased his Champion Iron Ltd. target to $8.75 from $7.50 with an “outperform” rating. The average is $8.“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 iron) located in Quebec, Canada, a lower-risk jurisdiction,” he said. “In addition, we believe Champion has potential for 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.”
- Forums
- ASX - By Stock
- CIA
- Outperform : Upgrade $8.75
Outperform : Upgrade $8.75
Featured News
Add CIA (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.19 |
Change
-0.050(0.69%) |
Mkt cap ! $3.724B |
Open | High | Low | Value | Volume |
$7.32 | $7.32 | $7.14 | $6.456M | 895.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8160 | $7.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.20 | 5015 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1823 | 7.540 |
1 | 38 | 7.500 |
2 | 203 | 7.460 |
1 | 70 | 7.390 |
1 | 680 | 7.380 |
Price($) | Vol. | No. |
---|---|---|
6.890 | 254 | 1 |
7.040 | 28 | 1 |
7.250 | 5000 | 2 |
7.260 | 2500 | 1 |
7.270 | 2500 | 1 |
Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
|
|||||
Last
$7.20 |
  |
Change
-0.050 ( 0.96 %) |
|||
Open | High | Low | Volume | ||
$7.28 | $7.28 | $7.15 | 116674 | ||
Last updated 15.59pm 16/05/2024 ? |
Featured News
CIA (ASX) Chart |