Labrador Iron Ore Royalty (TSE:LIF) had its price target lifted by investment analysts at BMO Capital Markets from C$21.00 to C$22.00 in a report released on Monday, March 12th. BMO Capital Markets’ target price suggests a potential downside of 6.34% from the company’s previous close.
Several other equities analysts have also issued reports on LIF. Scotiabank reiterated an “outperform” rating and issued a C$26.50 price objective on shares of Labrador Iron Ore Royalty in a research report on Friday, December 15th. Royal Bank of Canada upped their price objective on Labrador Iron Ore Royalty from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 10th. Finally, Eight Capital dropped their price objective on Labrador Iron Ore Royalty from C$26.50 to C$24.00 in a research note on Monday, March 12th.
Shares of LIF stock opened at C$23.49 on Monday. The firm has a market capitalization of $1,540.00, a PE ratio of 9.55 and a beta of 1.22. Labrador Iron Ore Royalty has a twelve month low of C$15.10 and a twelve month high of C$28.55.
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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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