Labrador Iron Ore Royalty Corporation’s (LIF) “Outperform” Rating Reaffirmed at Royal Bank Of Canada
Labrador Iron Ore Royalty Corporation (TSE:LIF)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank Of Canada in a report issued on Wednesday, StockTargetPrices.com reports. They currently have a C$16.00 price target on the stock. Royal Bank Of Canada’s price target points to a potential upside of 21.21% from the company’s current price.
Other analysts also recently issued research reports about the company. Scotiabank boosted their target price on Labrador Iron Ore Royalty Corporation from C$14.50 to C$15.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 19th. RBC Capital Markets dropped their target price on Labrador Iron Ore Royalty Corporation from C$16.00 to C$15.00 and set an “outperform” rating for the company in a research report on Saturday, August 6th. Finally, CSFB set a C$14.50 target price on Labrador Iron Ore Royalty Corporation in a research report on Thursday, June 30th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Labrador Iron Ore Royalty Corporation currently has a consensus rating of “Buy” and a consensus price target of C$13.81.
Labrador Iron Ore Royalty Corporation (TSE:LIF) traded up 0.83% on Wednesday, hitting $13.31. 1,000 shares of the stock were exchanged. The company has a 50-day moving average price of $13.31 and a 200-day moving average price of $13.19. The firm has a market cap of $845.41 million and a PE ratio of 17.65. 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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