Section1: Company Overview

Champion Iron Limited (TSX: CIA) is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company's operating segment includes Mine Site, Exploration and Evaluation, and Corporate. It generates maximum revenue from Mine Site segment. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O'keefe-Purdy, and others. This Report covers the Investment Highlights, Key Financial Metrics, Risks associated along with the Valuation, Target Price, and Recommendation on the stock.

1.1 Investment Highlights

Section2:  Financial Highlights

 2.1 Key Financial Highlights

Section 3:  Stock Recommendation Summary

3.1 Valuation Methodology

Valuation Methodology (Illustrative): EV to Sales based

3.2 Price Performance and Stock Recommendation

The stock has witnessed an upside of ~16.35 and ~15.28% over the last 1 week and 1 month respectively. Moreover, the stock is trading above the average 52-week high price of CAD 7.60 and 52-week low price of CAD 3.99, providing an opportunity to exit, as the prices are trading near the resistance and could make some correction. Champion Iron Limited (TSX: CIA) was last covered on 27^th October 2023.

3.3 One-Year Technical Price Chart

One-Year Technical Price Chart (as of October 30, 2023). Source: REFINITIV, Analysis: Kalkine Group 

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, and currency as of October 30, 2023. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above. 

Disclaimer

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.