Labrador Iron Ore Royalty Corporation (LIF) PT Raised to C$25.00
Labrador Iron Ore Royalty Corporation (TSE:LIF) had its price objective hoisted by Scotiabank from C$23.00 to C$25.00 in a research report issued on Monday, StockTargetPrices.com reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 27.10% from the stock’s previous close.
Several other research analysts have also weighed in on LIF. CSFB lowered Labrador Iron Ore Royalty Corporation from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from C$20.00 to C$16.50 in a research report on Tuesday, May 23rd. Eight Capital reissued a “neutral” rating on shares of Labrador Iron Ore Royalty Corporation in a research report on Thursday, August 17th.
Shares of Labrador Iron Ore Royalty Corporation (LIF) traded up 8.13% during midday trading on Monday, hitting $21.27. The company’s stock had a trading volume of 481,574 shares. Labrador Iron Ore Royalty Corporation has a 1-year low of $12.89 and a 1-year high of $21.41. The company has a 50-day moving average price of $18.88 and a 200 day moving average price of $17.85. The company has a market cap of $1.37 billion and a P/E ratio of 10.16.
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In other news, Director Duncan Newton Rowell Jackman bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average cost of C$18.69 per share, with a total value of C$56,070.00.
Labrador Iron Ore Royalty Corporation Company Profile
Labrador Iron Ore Royalty Corporation, together with its subsidiary, Hollinger-Hanna Limited, owns a 15.10% equity interest in Iron Ore Company of Canada (IOC) that operates an iron mine near Labrador City, Newfoundland and Labrador. IOC engages in the production and sale of iron ore pellets and concentrates in North America, Europe, the Middle East, and the Asia-Pacific region.
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