Trading Report: The Labrador Iron Ore Royalty Corporation (LIF) Rating Reiterated by Royal Bank Of Canada

The Labrador Iron Ore Royalty Corporation (LIF) Rating Reiterated by Royal Bank Of Canada

Labrador Iron Ore Royalty Corporation (TSE:LIF)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank Of Canada in a research note issued to investors on Wednesday, StockTargetPrices.com reports. They currently have a C$16.00 price target on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 15.86% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. RBC Capital Markets lifted their price objective on Labrador Iron Ore Royalty Corporation from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Thursday, September 8th. Scotiabank reiterated a “sector perform” rating and issued a C$15.00 price objective on shares of Labrador Iron Ore Royalty Corporation in a report on Monday, August 8th. Finally, CSFB set a C$14.50 price objective on Labrador Iron Ore Royalty Corporation in a report on Thursday, June 30th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Labrador Iron Ore Royalty Corporation has a consensus rating of “Buy” and a consensus price target of C$13.81.

Labrador Iron Ore Royalty Corporation (TSE:LIF) opened at 13.81 on Wednesday. The stock’s 50 day moving average price is $13.34 and its 200-day moving average price is $13.19. The company has a market cap of $877.17 million and a PE ratio of 18.32. Labrador Iron Ore Royalty Corporation has a 1-year low of $6.85 and a 1-year high of $16.92.

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