Labrador Iron Mines Holdings Limited (LIM) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS
Labrador Iron Mines Holdings Limited (TSE:LIM) announced its earnings results on Thursday. The company reported ($0.09) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.14) by $0.05, ARN reports.
Shares of Labrador Iron Mines Holdings Limited (TSE:LIM) opened at 0.095 on Thursday. Labrador Iron Mines Holdings Limited has a 52 week low of $0.08 and a 52 week high of $0.58. The stock’s 50-day moving average is $0.10 and its 200-day moving average is $0.15. The company’s market cap is $12.0 million.
Several analysts have recently commented on the stock. Analysts at Desjardins cut their price target on shares of Labrador Iron Mines Holdings Limited from C$0.10 to C$0.02 in a research note on Wednesday. They now have a “sell” rating on the stock. On the ratings front, analysts at Raymond James cut their price target on shares of Labrador Iron Mines Holdings Limited from C$0.35 to C$0.15 in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The company currently has a consensus rating of “Sell” and an average target price of C$0.24.
Labrador Iron Mines Holdings Limited is an iron ore producer, engaged in the mining of iron ore and in the exploration and development of direct shipping iron ore projects (TSE:LIM) in the central part of the prolific Labrador Trough region, situated in the Menihek area in the Province of Newfoundland and Labrador and in the Province of Quebec, centered near the town of Schefferville, Quebec.
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