Champion Iron (CIAFF) to Release Earnings on Thursday

Champion Iron (OTCMKTS:CIAFF) is expected to announce its resultson Thursday, July 30th. Analysts expect the company to post earnings of $0.0117 per share and revenue of $303.8520 million for the quarter.

Champion Iron Price Performance

CIAFF stock opened at $2.74 on Thursday. The stock’s fifty day simple moving average is $3.01 and its two-hundred day simple moving average is $3.51. Champion Iron has a 1-year low of $2.33 and a 1-year high of $4.78.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CIAFF shares. BMO Capital Markets cut Champion Iron to a “market perform” rating in a research note on Monday, June 8th. Scotiabank restated an “outperform” rating on shares of Champion Iron in a research report on Monday, June 15th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Champion Iron Company Profile

Champion Iron (OTCMKTS:CIAFF) is a Canadian mining company focused on the production and sale of high-grade iron ore concentrate. The company’s core asset is the Bloom Lake Mine, located in the Labrador Trough region of Quebec. Champion Iron operates an integrated mine, processing plant and rail infrastructure to produce a premium magnetite concentrate that serves as a key raw material for steelmakers worldwide.

Since acquiring the Bloom Lake Mine in 2017, Champion Iron has invested in optimizing its processing facilities and expanding its pellet feed production capacity.