$CIA.TO

National Bank of Canada Initiates Coverage of Champion Iron, Oceanic Iron Ore

National Bank of Canada on Tuesday initiated coverage of Champion Iron (CIA.TO) and Oceanic Iron Ore (FEO.V).The bank gave Champion Iron an outperform rating and C$5.75 price target, while Oceanic Iron Ore received an outperform rating and $1.70 price target.National Bank named Champion Iron as its producer of choice despite near-term cost impacts.The company is an established high-grade iron ore producer, with significant value-in-use premiums for the company's direct reduced-feed iron concentrate to be realized as shipments ramp up throughout the second half, the bank said.Oceanic Iron Ore is an iron ore developer that is well positioned in the market that is shifting to high-purity iron ore.Oceanic Iron Ore is advancing the Hopes Advance project, which benefits from its coastallocation and "no-rail" development concept. The preliminary economic assessment mine plan evaluates only three of the 10 known iron deposits within the property, outlining the potential for further development opportunities, the bank said.Champion Iron traded at $3.91 per share at last look Wednesday on the Toronto Stock Exchange.Oceanic Iron Ore's share price stood at $0.69 at last look on the TSX Venture Exchange.Price: $0.69, Change: $-0.01, Percent Change: -1.43%

Earnings Flash (CIA.TO) Champion Iron Reported Overnight Q4 Production of 3.4M wmt, Sales of 3.5M dmt, Revs $415M and EBITDA $114M

Champion Iron's Fiscal Q4 Iron Ore Concentrate Production Increases YoY

Champion Iron (CIA.TO) reported an increase in iron ore concentrate production for the fiscal fourth quarter of 2026, according to a report released late on Tuesday.The company produced 3.4 million wet metric tonnes of iron ore concentrate, up from 3.2 million wmt.The increase in production was attributed to higher mill productivity and Fe recovery, partially offset by lower head grade.Sales for the quarter amounted to 3.5 million dry metric tonnes, nearly flat year over year.Iron ore concentrate sales volumes exceeded production for the fifth consecutive quarter, as the company continued to destock iron ore concentrate inventories.Cost of sales were C$286 million with a C1 cash cost of $82.7/dmt, compared to $279.6 million with a C1 cash cost of $80.0/dmt in the year-ago period.

Champion Iron Says Completed Acquisition of Norway's Rana Gruber ASA, At a Price of NOK 79 Per Share In Cash