Scotiabank have released their EPS estimate as follows:Champion...

Scotiabank have released their EPS estimate as follows:

Champion Iron – October 27 After Market Close Champion will release its Q2/F22 operating and financial results on Wednesday, October 27, after market close. For Q2/F22, we forecast iron ore concentrate sales of 2.01mt, up from 1.97mt in Q1/F22. We forecast improved cash costs of $45/t vs. $49/t in Q1/F22. We forecast EPS of C$0.24, below consensus of C$0.29, and down from the Q1/F22 level of C$0.43 as a result of markedly lower iron ore prices. Our EBITDA forecast of C$192 million is 30% below consensus of C$273 million, and 53% below the Q2/F22 level of C$406 million. We expect the market to remain focused on CIA’s operating results at Bloom Lake, the development progress at the Phase II expansion project, and potentially, the outlook for the Kami project. We will also be focused on CIA’s outlook for the iron ore market. CIA’s investor call will be held on Thursday, October 28, at 8:30 a.m. ET. The dial-in number is 1-888-390-0546.
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My comment: Some analysts have called CAD$0.27 & higher. I might have called it too low at CAD$0.21 a few weeks ago. I believe Scotia is right on the money at EPS CAD$0.24