Labrador Iron Ore Royalty (LIF) Price Target Raised to C$22.00

Labrador Iron Ore Royalty (TSE:LIF) had its price objective upped by analysts at BMO Capital Markets from C$21.00 to C$22.00 in a research note issued to investors on Monday. BMO Capital Markets’ price target points to a potential downside of 7.02% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Eight Capital lowered their price objective on Labrador Iron Ore Royalty from C$26.50 to C$24.00 in a research report on Monday. Scotiabank reaffirmed an “outperform” rating and issued a C$32.00 price objective on shares of Labrador Iron Ore Royalty in a research report on Friday. Finally, Royal Bank of Canada upped their price objective on Labrador Iron Ore Royalty from C$29.00 to C$32.00 and gave the company an “outperform” rating in a research report on Wednesday, January 10th.

Labrador Iron Ore Royalty (TSE LIF) remained flat at $C$23.66 during mid-day trading on Monday. 232,632 shares of the company were exchanged, compared to its average volume of 217,528. The firm 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 fifty-two week low of C$15.10 and a fifty-two week high of C$28.55.

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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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