A number of other research firms have also issued reports on LIF. Scotiabank reissued an outperform rating and set a C$26.50 target price on shares of Labrador Iron Ore Royalty in a research note on Friday. Royal Bank of Canada boosted their target price on shares of Labrador Iron Ore Royalty from C$23.00 to C$25.00 and gave the company an outperform rating in a research note on Wednesday, November 8th.
Labrador Iron Ore Royalty (TSE:LIF) opened at C$25.88 on Monday. Labrador Iron Ore Royalty has a one year low of C$15.10 and a one year high of C$26.20.
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Labrador Iron Ore Royalty Corporation, together with its subsidiary, Hollinger-Hanna Limited, owns a 15.10% equity interest in Iron Ore Company of Canada (IOC) that operates an iron mine near Labrador City, Newfoundland and Labrador. IOC engages in the production and sale of iron ore pellets and concentrates in North America, Europe, the Middle East, and the Asia-Pacific region.
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