Champion Iron (CIAFF) Expected to Post Earnings on Thursday

Champion Iron (OTCMKTS:CIAFF) is expected to be announcing its results after the market closes on Thursday, October 29th. Analysts expect the company to post earnings of ($0.0186) per share and revenue of $295.80 million for the quarter.

Champion Iron Trading Up 1.6%

OTCMKTS CIAFF opened at $1.55 on Tuesday. Champion Iron has a 12 month low of $1.49 and a 12 month high of $4.78. The company’s fifty day moving average price is $2.19 and its two-hundred day moving average price is $3.09.

Wall Street Analyst Weigh In

Separately, Scotiabank restated an “outperform” rating on shares of Champion Iron in a research note on Friday, July 31st. Two 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 company currently has a consensus rating of “Moderate Buy”.

Champion Iron Company Profile

Champion Iron Limited is a Canadian mining company focused on the development, operation and exploration of iron ore properties. Its principal asset is the Bloom Lake Mine, an open-pit operation in Quebec’s Labrador Trough that produces high-grade iron ore concentrate for the global steelmaking industry.

The company’s Bloom Lake operations include an ore processing facility and related rail and port infrastructure. Concentrate is transported through the Quebec North Shore and Labrador Railway to the Port of Sept-Îles for shipment to international customers, including steel producers in markets across Asia, Europe and the Middle East.

Champion Iron acquired the Bloom Lake assets in 2016 and restarted commercial production in 2018 after the mine had previously operated under earlier ownership.