Labrador Iron Ore Royalty Receives Underperform Rating from Credit Suisse (LIF.UN)
Several other analysts have also recently commented on the stock. Analysts at CSFB reiterated an “underperform” rating on shares of Labrador Iron Ore Royalty in a research note on Friday. They now have a C$20.00 price target on the stock. Separately, analysts at Scotiabank reiterated a “sector perform” rating on shares of Labrador Iron Ore Royalty in a research note on Wednesday, July 16th. Finally, analysts at Bank of America downgraded shares of Labrador Iron Ore Royalty from a “neutral” rating to an “underperform” rating in a research note on Friday, July 11th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$32.70.
Labrador Iron Ore Royalty Corporation (TSE:LIF) owns interests in Iron Ore Company of Canada (IOC), which operates an iron mine near Labrador City, Newfoundland and Labrador on lands leased from LIORC.
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