Champion Iron (CIAFF) Expected to Announce Quarterly Earnings on Thursday

Champion Iron (OTCMKTS:CIAFF) will likely be issuing its resultson Thursday, July 30th. Analysts expect the company to post earnings of $0.0084 per share and revenue of $299.9820 million for the quarter.

Champion Iron Trading Down 0.7%

Champion Iron stock opened at $2.76 on Wednesday. Champion Iron has a 1 year low of $2.33 and a 1 year high of $4.78. The firm’s 50 day moving average price is $2.94 and its 200-day moving average price is $3.47.

Analyst Ratings Changes

Several research firms recently weighed in on CIAFF. Scotiabank reaffirmed an “outperform” rating on shares of Champion Iron in a research note on Monday, June 15th. BMO Capital Markets downgraded shares of Champion Iron to a “market perform” rating in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Champion Iron has a consensus rating of “Moderate Buy”.

About Champion Iron

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.