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Champion Iron's March Quarter Production Result Soft As Expected, Euroz Hartleys Says

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Champion Iron's (ASX:CIA) March quarter production result was soft as expected due to railway interruptions in early January and bi-annual scheduled maintenance at both concentration plants, Euroz Hartleys said in a note on Thursday.

Production was in line with estimates at 3.4 million tonnes, with higher-than-modeled recoveries offset by lower head grades against its estimates.

Euroz Hartleys forecast fiscal 2026 revenue of CA$1.76 billion, earnings before interest, taxes, depreciation, and amortization of CA$490 million, earnings per share of CA$0.25, and a final dividend of CA$0.10 per share.

The investment firm maintained its buy rating and price target of CA$7.70 per share on Champion Iron.

Champion Iron's shares were up 3% in recent Friday trade.

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