Scotiabank Boosts Labrador Iron Ore Royalty (LIF) Price Target to C$32.00

Labrador Iron Ore Royalty (TSE:LIF) had its target price lifted by Scotiabank from C$30.00 to C$32.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 24.47% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. BMO Capital Markets raised their target price on Labrador Iron Ore Royalty from C$18.00 to C$21.00 in a research report on Monday, December 18th. Royal Bank of Canada raised their target price on Labrador Iron Ore Royalty from C$23.00 to C$25.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th.

Shares of Labrador Iron Ore Royalty (LIF) opened at C$25.71 on Friday. Labrador Iron Ore Royalty has a 12-month low of C$15.10 and a 12-month high of C$28.55. The stock has a market capitalization of $1,640.00, a price-to-earnings ratio of 10.49 and a beta of 1.22.

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About Labrador Iron Ore Royalty

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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