Labrador Iron Ore Royalty Corporation (TSE:LIF)‘s stock had its “sector perform” rating reiterated by investment analysts at Scotiabank in a report released on Tuesday. They currently have a C$18.00 price target on the stock. Scotiabank’s target price suggests a potential upside of 8.17% from the stock’s current price.

Several other research firms have also recently weighed in on LIF. Royal Bank Of Canada reissued an “outperform” rating and set a C$24.00 price target on shares of Labrador Iron Ore Royalty Corporation in a report on Thursday, April 20th. CSFB cut Labrador Iron Ore Royalty Corporation from a “neutral” rating to an “underperform” rating and lowered their price target for the company from C$20.00 to C$16.50 in a report on Tuesday, May 23rd.

Labrador Iron Ore Royalty Corporation (TSE:LIF) traded up 0.73% during mid-day trading on Tuesday, reaching $16.64. The company’s stock had a trading volume of 157,903 shares. The company has a 50-day moving average price of $17.00 and a 200-day moving average price of $18.24. Labrador Iron Ore Royalty Corporation has a 12-month low of $12.63 and a 12-month high of $20.67. The firm has a market cap of $1.07 billion and a PE ratio of 9.65.

COPYRIGHT VIOLATION WARNING: This piece was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/18/scotiabank-reaffirms-sector-perform-rating-for-labrador-iron-ore-royalty-corporation-lif.html.

Receive News & Ratings for Labrador Iron Ore Royalty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Labrador Iron Ore Royalty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.