Citi Reaffirms Their Buy Rating on Champion Iron (CIA)
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In addition to Citi, Champion Iron also received a Buy from Desjardins's Bryce Adams in a report issued on July 18. However, today, Macquarie 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 C$425.35 million and a net profit of C$39.14 million. In comparison, last year the company earned a revenue of C$332.67 million and had a net profit of C$25.79 million
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