Labrador Iron Ore Royalty (LIF) PT Raised to C$32.00

Labrador Iron Ore Royalty (TSE:LIF) had its price target lifted by equities research analysts at Royal Bank of Canada from C$29.00 to C$32.00 in a note issued to investors on Wednesday. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 12.72% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Scotiabank boosted their price objective on Labrador Iron Ore Royalty from C$23.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Monday, September 18th. BMO Capital Markets boosted their price objective on Labrador Iron Ore Royalty from C$18.00 to C$21.00 in a research report on Monday, December 18th.

Labrador Iron Ore Royalty (TSE LIF) opened at C$28.39 on Wednesday. Labrador Iron Ore Royalty has a 12-month low of C$15.10 and a 12-month high of C$28.50. The firm has a market capitalization of $1,810.00, a PE ratio of 11.59 and a beta of 1.25.

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Labrador Iron Ore Royalty Company Profile

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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