Champion Iron (CIAFF) to Release Quarterly Earnings on Thursday

Champion Iron (OTCMKTS:CIAFF) is anticipated to release its resultson Thursday, July 30th. Analysts expect Champion Iron to post earnings of $0.0096 per share and revenue of $303.85 million for the quarter.

Champion Iron Stock Up 1.1%

Shares of CIAFF stock opened at $2.78 on Tuesday. Champion Iron has a fifty-two week low of $2.33 and a fifty-two week high of $4.78. The firm’s 50 day moving average price is $2.96 and its two-hundred day moving average price is $3.48.

Wall Street Analysts Forecast Growth

CIAFF has been the topic of a number of research reports. Scotiabank reissued an “outperform” rating on shares of Champion Iron in a research note on Monday, June 15th. BMO Capital Markets cut shares of Champion Iron to a “market perform” rating in a research 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 stock. Based on data from MarketBeat.com, Champion Iron currently 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.