Scotiabank Analysts Give Labrador Iron Ore Royalty (LIF) a C$30.00 Price Target
Labrador Iron Ore Royalty (TSE:LIF) received a C$30.00 price objective from analysts at Scotiabank in a research report issued to clients and investors on Tuesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 9.25% from the stock’s previous close.
LIF has been the subject of several other research reports. Royal Bank of Canada raised their target price on shares of Labrador Iron Ore Royalty from C$29.00 to C$32.00 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. BMO Capital Markets raised their target price on shares of Labrador Iron Ore Royalty from C$17.00 to C$18.00 in a report on Tuesday, September 26th.
Shares of Labrador Iron Ore Royalty (LIF) traded down C$0.30 during trading on Tuesday, hitting C$27.46. 88,316 shares of the company traded hands, compared to its average volume of 196,625. Labrador Iron Ore Royalty has a 12-month low of C$15.10 and a 12-month high of C$28.55. The stock has a market capitalization of $1,780.00, a PE ratio of 11.21 and a beta of 1.25.
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About Labrador Iron Ore Royalty
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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