In addition to Macquarie, Champion Iron also received a Buy from Scotiabank’s Orest Wowkodaw in a report issued yesterday. However, on June 8, BMO Capital downgraded Champion Iron (TSX: CIA) to a Hold.

Based on Champion Iron’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of A$414.51 million and a net profit of A$21.87 million. In comparison, last year the company earned a revenue of A$425.35 million and had a net profit of A$39.14 million