The Globe and Mail reports in its Friday edition that RBC analyst Sam Crittenden warns falling base metals prices will be significant headwind to second quarter financial results for North American producers. The Globe's David Leeder writes in the Eye On Equities column that Mr. Crittenden has reaffirmed his "outperform" recommendation for Champion Iron. The RBC stockpicker continues to target the shares at $8. Analysts on average target the shares at $7.59. Mr. Crittenden says in a note: "We believe Champion Iron Ore can rerate as they ramp up to 15Mtpa by August. ... For Champion, we expect Q2 sales to be weaker as wildfires forced a two-week rail shutdown; however, the focus remains on the ramp up to 15Mtpa by August." The Globe reported on Jan. 12 that Canaccord Genuity analyst Dalton Baretto had downgraded Champion Iron to "hold" from "buy," citing a steep rally in the share price over the past several months. The shares could then be had for $7.24. The Globe reported on March 15 that Scotia Capital analyst Orest Wowkodaw saw the copper market as "finely balanced" and said he believed there was "an attractive copper equity for every investor." He said Champion was trading at a good price, which was then $6.85.