CHAMPION IRON LIMITED (CIA)
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CIA

CIA - CHAMPION IRON LIMITED

FNArena Sector : Iron Ore
Year End: March
GICS Industry Group : Materials
Debt/EBITDA: 2.1
Index: ASX200 | ASX300 | ALL-ORDS

Champion Iron is engaged in the exploration, development and production of iron ore in Quebec, Canada. The company has been listed on the ASX since 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.78

28 May
2026

-0.230

OPEN

$4.82

-4.59%

HIGH

$5.08

2,426,676

LOW

$4.68

TARGET
$5.725

-0.35 change from previous day

 19.8% upside
OTHER COMPANIES IN THE SAME SECTOR
ARI . DRR . FEX . FMG . GEN . GRR . MGX . MIN .
FNARENA'S MARKET CONSENSUS FORECASTS
CIA: 1
Title FY27
Forecast		 FY28
Forecast
EPS (cps) 52.1 xxx
DPS (cps) 20.4 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 8.5 xxx
Dividend Yield 4.6% xxx
Div Pay Ratio(%) 39.2% xxx
This company reports in CAD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 11/11 - (franking ex-div 10c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx34.8
DPS All xxxxxxxxxxxxxxx13.0
Sales/Revenue xxxxxxxxxxxxxxx1,938.1 M
Book Value Per Share xxxxxxxxxxxxxxx301.0
Net Operating Cash Flow xxxxxxxxxxxxxxx477.4 M
Net Profit Margin xxxxxxxxxxxxxxx9.53 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx11.53 %
Return on Invested Capital xxxxxxxxxxxxxxx7.25 %
Return on Assets xxxxxxxxxxxxxxx5.12 %
Return on Equity xxxxxxxxxxxxxxx11.53 %
Return on Total Capital xxxxxxxxxxxxxxx13.06 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-72.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx68 M
Long Term Debt xxxxxxxxxxxxxxx1,063 M
Total Debt xxxxxxxxxxxxxxx1,130 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx311 M
Price To Book Value xxxxxxxxxxxxxxx1.75

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx453.2 M
Capex % of Sales xxxxxxxxxxxxxxx23.39 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,503 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx93 M
Research & Development xxxxxxxxxxxxxxx11 M
Investments - Total xxxxxxxxxxxxxxx110 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

30/03/2026

1

Upgrade to Outperform from Neutral

$6.60

38.08%

Macquarie has raised its 2026 commodity price forecasts, with the largest increases for thermal coal up 29%, aluminium up 26%, metallurgical coal up 15%, gold up 7%, iron ore up 6% and copper up 3%.

In the near term, the broker is overweight thermal coal, aluminium, metallurgical coal and nickel relative to consensus, while remaining even-weight on copper, iron ore, zinc, lithium, gold, silver and manganese.

Alumina is the only commodity where Macquarie is underweight.

The broker’s Australian dollar forecast is around 6% stronger than consensus. While higher prices support earnings, higher FX and fuel costs offset some of the benefit, the analyst explains.

The target for Champion Iron rises to $6.60 from $6.25 and the rating is upgraded to Outperform from Neutral.

This is a summary of research produced by Macquarie on March 27.

FORECAST
Macquarie forecasts a full year FY27 dividend of 20.44 cents and EPS of 51.63 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Canaccord Genuity

06/11/2025

1

Buy

-

-

Canaccord Genuity describes Champion Iron's September quarter as a solid operating period, with production and costs exceeding expectations despite planned maintenance.

Revenue of CA$493m and adjusted EBITDA of CA$175m were well above consensus, supported by strong rail performance and accelerated de-stocking.

Bloom Lake outperformed forecasts through effective blending strategies that offset harder ore challenges, resulting in higher production and lower costs. Shipments reached a record 3.85mt, aided by improved rail logistics, while on-site inventory fell to 1.7mt.

The CA$500m DRPF project is nearing completion, with commissioning expected by year-end and a gradual ramp-up through 2026 as customers test the product.

The KAMI JV with Nippon Steel and Sojitz has completed its initial closing, with a Definitive Feasibility Study due by end-2026.

Buy rating reiterated with CA$6.50 target price.
Access Extra Coverage Research History >

CIA STOCK CHART

FNArena News on CIA

1
Australian Broker Call *Extra* Edition – Apr 13, 2026

Apr 13 2026 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 02-04-26

Apr 07 2026 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Feb 05, 2026

Feb 05 2026 - Daily Market Reports
4
FNArena Corporate Results Monitor – 03-02-2026

Feb 03 2026 - Australia
5
Rudi’s View: February Favourites & Avoids

Jan 29 2026 - Rudi's View

Latest Iron Ore News

1
Breakout Opportunity In Mineral Resources

Apr 14 2026 - Technicals
2
Fortescue Shares Finding Technical Support

Nov 18 2025 - Technicals
3
Risk Has Shifted To More Upside For MinRes

Oct 16 2025 - Technicals
4
Mineral Resources Shares Targeting $45

Sep 10 2025 - Technicals
5
Can Champion Iron Deliver On Growth Projects?

Aug 06 2025 - Commodities
6
Execution Remains Key For Mineral Resources

Aug 01 2025 - Commodities
7
Iron Ore Worries Overshadow Fortescue’s FY26

Jul 28 2025 - Australia
8
Bargain Hunters Interest For Champion Iron?

May 08 2025 - Technicals
9
Positive Reversal For Fortescue

May 06 2025 - Technicals
10
Fortescue: Quo Vadis The Dividend?

Feb 24 2025 - Commodities