Labrador Iron Ore Royalty (LIF) Price Target Cut to C$24.00 by Analysts at Eight Capital

Labrador Iron Ore Royalty (TSE:LIF) had its price objective reduced by Eight Capital from C$26.50 to C$24.00 in a report issued on Monday. Eight Capital’s target price points to a potential upside of 1.44% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Scotiabank reissued an “outperform” rating and set a C$32.00 price target on shares of Labrador Iron Ore Royalty in a report on Friday. Royal Bank of Canada increased their price target on Labrador Iron Ore Royalty from C$29.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, January 10th. Finally, BMO Capital Markets increased their price target on Labrador Iron Ore Royalty from C$18.00 to C$21.00 in a report on Monday, December 18th.

Labrador Iron Ore Royalty (TSE LIF) remained flat at $C$23.66 during midday trading on Monday. 232,632 shares of the company’s stock traded hands, compared to its average volume of 217,528. The stock has a market capitalization of $1,510.00, a P/E ratio of 9.59 and a beta of 1.22. Labrador Iron Ore Royalty has a 52-week low of C$15.10 and a 52-week high of C$28.55.

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Labrador Iron Ore Royalty 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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