BUZZ-Citi cuts PT for Australia's Champion Iron on lower earnings forecast

Reuters
01-31
BUZZ-Citi cuts PT for Australia's Champion Iron on lower earnings forecast

** Citi cuts PT for Champion Iron CIA.AX to A$7.1 from A$7.4 citing lower FY26 earnings estimate for the iron ore miner

** Company's Q3 EBITDA of C$88.2 mln ($61.21 mln) and revenue of C$363.2 mln were 13% and 3%, respectively, below Citi estimates

** "Note that earnings were impacted by a net unrealised foreign exchange loss of C$21m in Q3" - Citi

** Company's quarterly production of 3.6 million wet metric tonnes (wmt) down 10% from last year, but 3% higher than Citi estimate

** Brokerage says company had a good production quarter but sales impacted by the train load-out issues

** Brokerage cuts company's FY25 & FY26 EBITDA forecasts; FY25 estimate cut 10% to C$502 mln, while FY26 forecast reduced by 2% to C$756 mln

** Citi says company now needs to string together some stronger quarters to lift investor confidence around delivery on shipments/cashflow

** Stock down 3.5%, YTD

($1 = 1.4410 Canadian dollars)

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10