Labrador Iron Ore Royalty (TSE:LIF) had its target price reduced by equities research analysts at Eight Capital from C$26.50 to C$24.00 in a note issued to investors on Monday. Eight Capital’s target price suggests a potential upside of 1.39% from the stock’s current price.
A number of other analysts have also recently commented on LIF. Scotiabank reiterated an “outperform” rating and issued a C$32.00 price target on shares of Labrador Iron Ore Royalty in a research note on Friday, March 9th. Royal Bank of Canada increased their price target on shares of Labrador Iron Ore Royalty from C$29.00 to C$32.00 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. Finally, BMO Capital Markets increased their price target on shares of Labrador Iron Ore Royalty from C$18.00 to C$21.00 in a research note on Monday, December 18th.
Shares of Labrador Iron Ore Royalty (TSE:LIF) opened at C$23.67 on Monday. The company has a market cap of $1,510.00, a price-to-earnings ratio of 9.62 and a beta of 1.22. Labrador Iron Ore Royalty has a 12 month low of C$15.10 and a 12 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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