Champion Iron’s preliminary figures show revenue of C$403.9 million. Its upcoming earnings report will show whether that sales performance translated into profit.
Champion Iron Ltd. (TSX: CIA) is scheduled to report results for the quarter ended September 30, 2026, after the market closes on October 28. The company has released preliminary, unaudited figures: 3.9 million wet metric tonnes of iron ore concentrate produced, 4.5 million dry metric tonnes sold, and revenue of C$403.9 million. The final figures may change.
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Champion Iron Ltd
CIA.TO
CIA.TO
Champion Iron Ltd
WealthAwesomeMarket cap
$1.20B
P/E
10.2x
Div. yield
5.31%
Div. / share
$0.12
52W high
$6.11
52W low
$2.12
1W change
-8.15%
Beta
0.58
Analyst Price Targets
Based on analyst covering CIA · as of Oct 21, 2026
Wall Street analysts forecast CIA stock price to rise 132.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$4.97
+132.2% Upside
Previously C$5.16 on Oct 19, 2026
Current Price
C$2.14
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CIA's historical volatility
30-Day Vol
41.0%
Annualized
90-Day Vol
37.5%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$1.79
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$2.02 | C$1.75 – C$2.32 |
| 60 trading days | C$1.90 | C$1.56 – C$2.32 |
| 90 trading days | C$1.79 | C$1.40 – C$2.29 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 4 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-28 | — | -0.0100 | — |
| 2026-06-30 | 2026-07-29 | -0.0600 | 0.0100 | -700.0% |
| 2026-03-31 | 2026-05-27 | 0.0400 | 0.0500 | -20.0% |
| 2025-12-31 | 2026-01-28 | 0.1200 | 0.1000 | +20.0% |
| 2025-09-30 | 2025-10-29 | 0.1100 | 0.0800 | +37.5% |
| 2025-06-30 | 2025-07-29 | 0.0500 | 0.0100 | +400.0% |
Analysts expect earnings per share (EPS) of C$0.07, with estimates ranging from C$0.04 to C$0.10. The revenue consensus is C$484.42 million. For Canadian investors, the key questions are how the final financials compare with the preliminary sales and realized-price figures, and whether earnings and margins improved.
Investor takeaway: The October 28 report will show whether Champion turned preliminary sales of 4.5 million dry metric tonnes and a realized price of C$89.90 per tonne into earnings near the C$0.07 consensus. Preliminary revenue of C$403.9 million is below the C$484.42 million consensus, but the figures may not use the same basis. Check the final reported revenue and how it is measured. Champion beat EPS estimates in two of its last four comparable quarters, but missed in the two most recent ones. Treat consensus as a reference, not a guarantee.
C$0.07 EPS consensus
Four analysts contribute to the September-quarter EPS consensus, which ranges from C$0.04 to C$0.10. The C$0.07 estimate is 40.9% below the year-ago result of C$0.11. Champion’s preliminary release reported revenue of C$403.9 million, compared with a supplied consensus of C$484.42 million. The preliminary figure is subject to review, so compare it with the final reported revenue and confirm that both figures use the same basis.
Bull case
The preliminary release gives investors a snapshot of operations ahead of the full results: Champion sold 4.5 million dry metric tonnes at a net average realized price of C$89.90 per tonne. The company produces high-purity iron ore concentrate at Bloom Lake in Québec and also operates Rana Gruber in Norway.
Bloom Lake’s product could meet direct-reduction-grade specifications, which may interest steelmakers looking for lower-contaminant inputs. The earnings report will show how sales, realized prices and costs affected the quarter. Consensus EPS of C$0.07 is below last year’s C$0.11, so a result above consensus would stand out. Investors will still need to assess profitability and cash generation.
Bear case
Preliminary revenue of C$403.9 million is below the supplied consensus of C$484.42 million. Before drawing conclusions, investors should check whether the two figures use comparable definitions. EPS consensus is also 40.9% below the year-ago result of C$0.11.
Champion’s recent results show no clear pattern of positive surprises. EPS was negative C$0.06 against an estimate of C$0.01 in the June quarter, then C$0.04 against C$0.05 in March. The company beat estimates in the two quarters before those. Iron ore prices, operating costs and project spending are key factors to watch. The preliminary figures are unaudited and remain subject to the company’s financial close and review.
Analysis
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Champion Iron is due to report its fiscal 2027 second-quarter results after the market closes on October 28. For the quarter ended September 30, the company has released preliminary, unaudited figures: production of 3.9 million wet metric tonnes of concentrate, sales of 4.5 million dry metric tonnes, a net average realized price of C$89.90 per dry metric tonne, and revenue of C$403.9 million. The final statements and management discussion and analysis are expected before the company’s October 29 conference call in Montréal. Champion cautioned that the figures may change as it completes its quarterly close and review.
The earnings calendar lists consensus EPS of C$0.07, based on four analysts, with estimates ranging from C$0.04 to C$0.10. Revenue consensus is C$484.42 million, based on three analysts. Preliminary revenue is below that estimate, but investors should confirm the figures are measured on the same basis before interpreting the difference. The final report should clarify how sales volume and realized prices translated into revenue and costs.
For more company information, visit the Champion Iron stock page.
Analysis
The EPS consensus is 40.9% below the year-ago result of C$0.11. The estimate has remained at C$0.07 over the past 30 days, though the supplied revision data shows two downward revisions and no upward revisions during that period.
Champion beat estimates in two of its last four comparable quarters. The two most recent results were misses: negative C$0.06 against an estimate of C$0.01 for the June 2026 quarter, followed by C$0.04 against C$0.05 for March. Before those results, Champion reported C$0.12 against C$0.10 and C$0.11 against C$0.08. This record makes the current estimate worth watching, but it does not show a consistent run of beats.
The business matters beyond headline EPS. Champion operates Bloom Lake in Québec and Rana Gruber in Norway, producing iron ore concentrates for international markets. The preliminary sales and realized-price figures offer a starting point. The full report will show how operating costs and other financial items affected earnings.
Analysis
Use the final results to check whether reported revenue matches the preliminary C$403.9 million figure, how sales volume and realized prices compare with the operating update, and whether earnings and margins reflect the quarter’s costs. Champion’s plans to produce higher-grade, direct-reduction-quality concentrate at Bloom Lake provide longer-term context. But judge this quarter on reported financial performance, not project potential alone.
The supplied analyst-target data shows an average target of C$4.97, compared with a last close of C$2.26. A target is not a guarantee, and the available information says formal ratings are unavailable for Canadian listings. See the analyst ratings section for target details.
Wealth Awesome’s statistical 90-day price model gives a mean forecast of C$1.79. Its 68% range is C$1.40 to C$2.29, and its 95% range is C$1.10 to C$2.92. This is a statistical model, not financial advice or a price target. See the price prediction section for its assumptions and ranges. The earnings release and management’s comments will offer more direct evidence of Champion’s quarterly performance.
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