Scotibank basing their forecast on 1.8 million tonnes sold. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. Champion Iron – July 28 After Market Close Champion will release its Q1/F22 operating and financial results on Wednesday, July 28, after market close. For Q1/F22, we forecast iron ore concentrate sales of 1.80mt, down from 1.97mt in Q4/F21, due to scheduled maintenance. We forecast higher cash costs of $46/t vs. $43/t in Q4/F21. We forecast EPS of C$0.36, slightly below consensus of C$0.37, but above the Q4/F21 level of C$0.29. Our EBITDA forecast of C$316 million is 1% below consensus of C$320 million, but 15% above the Q4/F21 level of C$276 million. We expect the market to remain focused on CIA’s operating results at Bloom Lake, the development progress at the Phase II expansion project, and potentially, the outlook for the Kami project. We will also look for any update on the company’s potential plans to repurchase its outstanding preferred shares. CIA’s investor call will be held on Thursday, July 29, at 8:30 a.m. ET. The dial-in number is 1-888-390-0546.
CIA Price at posting:
$6.73 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)