Labrador Iron Ore Royalty Corporation (TSE:LIF) was upgraded by investment analysts at CSFB from an “underperform” rating to an “outperform” rating in a research note issued to investors on Thursday. The brokerage currently has a C$20.00 price objective on the stock, up from their prior price objective of C$16.50. CSFB’s price objective would indicate a potential upside of 11.17% from the company’s previous close.

Several other analysts have also recently commented on LIF. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$24.00 target price on shares of Labrador Iron Ore Royalty Corporation in a report on Wednesday, April 12th. Scotiabank reiterated a “sector perform” rating and issued a C$20.00 target price on shares of Labrador Iron Ore Royalty Corporation in a report on Thursday, April 20th.

Shares of Labrador Iron Ore Royalty Corporation (TSE LIF) traded up 8.44% during mid-day trading on Thursday, hitting $17.99. 663,141 shares of the company were exchanged. The company has a market capitalization of $1.15 billion and a price-to-earnings ratio of 10.44. 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 50 day moving average of $16.31 and a 200 day moving average of $17.84.

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