Champion Iron (CIAFF) Expected to Release Earnings on Thursday

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

Champion Iron Trading Down 0.2%

CIAFF stock opened at $2.74 on Thursday. The stock has a fifty day moving average of $3.01 and a 200-day moving average of $3.51. Champion Iron has a fifty-two week low of $2.33 and a fifty-two week high of $4.78.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of Champion Iron in a research report on Monday, June 15th. BMO Capital Markets lowered shares of Champion Iron to a “market perform” rating in a research report on Monday, June 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently 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.