Champion Iron Fiscal Year 2027 Forecasts to be Impacted by Higher Fuel, Freight Costs, Euroz Hartleys Says
MT Newswires Live
Jul 10
Champion Iron's (ASX:CIA) higher cost forecasts over fiscal 2027 reflect elevated fuel and freight costs amid recent C3 index volatility due to Middle East logistics disruptions, Euroz Hartleys said in a note on Friday.
Euroz Hartleys reset its June quarter Bloom Lake forecasts, lowering production and sales to 3.43 million tonnes and 3.35 million tonnes, with unit cash costs and all-in sustaining costs rising to CA$82 per tonne and CA$95 per tonne, respectively.
The investment firm retained its buy rating on Champion Iron and cut the price target to AU$6.80 per share from AU$7.70 per share.
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