Labrador Iron Ore Royalty (TSE:LIF) had its price target boosted by stock analysts at BMO Capital Markets from C$21.00 to C$22.00 in a report issued on Monday. BMO Capital Markets’ price objective indicates a potential downside of 7.06% from the stock’s current price.
Several other equities research analysts also recently commented on the stock. Eight Capital cut their target price on shares of Labrador Iron Ore Royalty from C$26.50 to C$24.00 in a research report on Monday. Scotiabank reiterated an “outperform” rating and set a C$32.00 target price on shares of Labrador Iron Ore Royalty in a research report on Friday, March 9th. Finally, Royal Bank of Canada lifted their target price on shares of Labrador Iron Ore Royalty from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th.
Shares of Labrador Iron Ore Royalty (TSE LIF) opened at C$23.67 on Monday. Labrador Iron Ore Royalty has a 1 year low of C$15.10 and a 1 year high of C$28.55. The company has a market cap of $1,510.00, a P/E ratio of 9.62 and a beta of 1.22.
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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