Labrador Iron Ore Royalty Corporation (LIF) Earns “Outperform” Rating from Royal Bank Of Canada
Labrador Iron Ore Royalty Corporation (TSE:LIF)‘s stock had its “outperform” rating restated by equities researchers at Royal Bank Of Canada in a research note issued on Wednesday, StockTargetPrices.com reports. They currently have a C$16.00 price objective on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 21.21% from the company’s previous close.
LIF has been the topic of several other reports. Scotiabank reaffirmed a “sector perform” rating and set a C$15.00 price target on shares of Labrador Iron Ore Royalty Corporation in a research note on Monday, August 8th. RBC Capital Markets raised their price target on shares of Labrador Iron Ore Royalty Corporation from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a research note on Thursday, September 8th. Finally, CSFB set a C$14.50 price target on shares of Labrador Iron Ore Royalty Corporation in a research note on Thursday, June 30th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$13.81.
Labrador Iron Ore Royalty Corporation (TSE:LIF) opened at 13.20 on Wednesday. The company’s 50-day moving average is $13.31 and its 200-day moving average is $13.19. The firm has a market capitalization of $838.42 million and a price-to-earnings ratio of 17.51. Labrador Iron Ore Royalty Corporation has a 52-week low of $6.85 and a 52-week high of $16.92.
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