Scotiabank Reaffirms “Sector Perform” Rating for Labrador Iron Ore Royalty Corporation (LIF)
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.
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