Analyst Price Target is C$6.08
▲ +97.51% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Champion Iron in the last 3 months. The average price target is C$6.08, with a high forecast of C$7.00 and a low forecast of C$5.00. The average price target represents a 97.51% upside from the last price of C$3.08.
Current Consensus is
Buy
The current consensus among 8 investment analysts is to buy stock in Champion Iron. This rating has held steady since December 2024, when it changed from a Moderate Buy consensus rating.
Champion is a high-purity iron ore producer with operations in Canada and Norway. Through Quebec Iron Ore Inc., Champion owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15M wmt per year that produce low contaminant high-purity iron ore concentrates with a proven ability to produce direct reduction grade quality iron ore concentrate. The iron ore concentrate from Bloom Lake is transported by rail, to a ship loading port in Sept-Îles, Québec. Benefiting from one of the highest purity resources globally, Champion is implementing a work program to be able to upgrade up to half of the Bloom Lake's mine capacity to a direct reduction quality pellet feed iron ore with up to 69% Fe.
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