Labrador Iron Ore Royalty Corporation (TSE:LIF) had its target price raised by investment analysts at Royal Bank Of Canada from C$23.00 to C$25.00 in a research note issued to investors on Wednesday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 15.47% from the company’s previous close.

Other analysts also recently issued reports about the company. Scotiabank raised their price objective on Labrador Iron Ore Royalty Corporation from C$24.50 to C$25.00 and gave the stock an “outperform” rating in a research report on Tuesday. CSFB raised Labrador Iron Ore Royalty Corporation from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from C$16.50 to C$20.00 in a research report on Thursday, August 3rd. Eight Capital reissued a “neutral” rating on shares of Labrador Iron Ore Royalty Corporation in a research report on Thursday, August 17th. Finally, BMO Capital Markets raised their price objective on Labrador Iron Ore Royalty Corporation from C$17.00 to C$18.00 in a research report on Tuesday, September 26th.

Shares of Labrador Iron Ore Royalty Corporation (LIF) traded up C$0.06 during trading hours on Wednesday, hitting C$21.65. The company had a trading volume of 181,658 shares, compared to its average volume of 213,391. Labrador Iron Ore Royalty Corporation has a 1 year low of C$13.97 and a 1 year high of C$21.58.

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In other Labrador Iron Ore Royalty Corporation news, Director Duncan Newton Rowell Jackman acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased 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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