Scotiabank cuts Champion Iron stock target from C$5.50 to C$5.00

Published on 10/20/2026 at 19:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Champion Iron posted Q2 revenue of CAD 403.90 million on October 14, 2026. Champion Iron stock costs EUR 1.47 on October 20, 2026, below EUR 1.84.

Analyst target and Q2 date

Scotiabank cut its Champion Iron target from C$5.50 to C$5.00 on October 17, 2026.
Champion Iron reported preliminary Q2 FY2027 revenue of CAD 403.90 million on October 14, 2026.
Champion Iron stock costs EUR 1.47 at Lang & Schwarz on October 20, 2026 at 7:40 p.m. CEST, below its 52-week high of EUR 1.84.
Champion Iron will release final Q2 FY2027 results on October 29, 2026.

Champion, AU000000CIA2, Illustration mit AI erstellt.

Scotiabank cut its Champion Iron target from C$5.50 to C$5.00 while maintaining an Outperform rating, according to Yahoo Finance on October 17, 2026. The revised target is part of a more cautious analyst view after Champion Iron's preliminary second-quarter figures. The stock was at EUR 1.47 at Lang & Schwarz on October 20, 2026 at 7:40 p.m. CEST.

Preliminary revenue reached CAD 403.90 million

Champion Iron reported preliminary revenue of CAD 403.90 million for the second quarter ended September 30, 2026. The company's official release, dated October 14, 2026, also reported production of 3.90 million wet metric tonnes and sales of 4.50 million dry metric tonnes.

The realized selling price was CAD 89.90 per dry metric tonne in the quarter. The figures are preliminary and unaudited, and Champion Iron said final results could differ after its quarterly close and review procedures, according to Champion Iron.

Stock remains near its yearly low

Champion Iron's Australian listing was at AUD 2.33 on October 20, 2026 at 4:10 p.m. AEST, with a 52-week range of AUD 2.28 to AUD 6.69. Its market capitalization was AUD 1.30 billion and trading volume reached 2,411,900 shares on that date.

The euro quotation at Lang & Schwarz sits below the EUR 1.84 high reported for the German quotation on October 20, 2026. The Australian quote provides a separate view because Champion Iron trades in both Australia and Canada, while the German quotation is in euros.

What does the October 29 report add?

Champion Iron scheduled the release of its final second-quarter FY2027 results and an accompanying conference call for October 29, 2026, according to the company release. Management will therefore provide the first finalized financial figures after the preliminary revenue and production numbers.

Analyst expectations remain mixed. MarketBeat reported on October 13, 2026 that eight research firms held an average Buy rating, comprising six Buy ratings, one Strong Buy and one Hold, with an average 12-month target of C$5.88.

Price and reporting date

The market is now weighing the lower Scotiabank target against Champion Iron's preliminary operating figures and the October 29 reporting date. The current euro quotation remains an intraday indication rather than a finalized exchange close.

The further course of trading is shown by the continuously updated real-time quote of Champion Iron stock.