Champion to Begin Inventory Destocking in June Quarter, Euroz Hartleys Says

MT Newswires Live

2025/04/24

Champion Iron (ASX:CIA) will begin inventory destocking in the June quarter following the delivery of 400 additional railcars and the commissioning of new rolling stock, according to a Wednesday note from Euroz Hartleys.

The broker lowered its production estimate to 3.35 million wet metric tonnes (mwmt) and sales to 3.25 million dry metric tonnes (mdmt), down from previous forecasts of 3.81 mwmt and 3.72 mdmt.

The revision reflects the impact of semi-annual maintenance and assumes no inventory drawdowns for the March quarter, Euroz said.

Euroz Hartleys maintained Champion Iron's buy rating but lowered its price target to AU$7.80 from AU$9.50.

Shares of the company rose 2% in recent Thursday trade.

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