Labrador Iron Ore Royalty (LIF) Price Target Raised to C$32.00

Labrador Iron Ore Royalty (TSE:LIF) had its price target hoisted by research analysts at Royal Bank of Canada from C$29.00 to C$32.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 12.72% from the stock’s previous close.

Several other equities analysts have also recently commented on the company. BMO Capital Markets upped their price target on Labrador Iron Ore Royalty from C$18.00 to C$21.00 in a report on Monday, December 18th. Scotiabank reaffirmed an “outperform” rating and issued a C$26.50 price target on shares of Labrador Iron Ore Royalty in a report on Friday, December 15th.

Labrador Iron Ore Royalty (LIF) opened at C$28.39 on Wednesday. The company has a market capitalization of $1,810.00, a P/E ratio of 11.59 and a beta of 1.25. Labrador Iron Ore Royalty has a twelve month low of C$15.10 and a twelve month high of C$28.50.

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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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