Labrador Iron Ore Royalty (TSE:LIF - Get Free Report) was downgraded by analysts at TD Securities from a "strong-buy" rating to a "hold" rating in a research report issued on Thursday,Zacks.com reports.
Separately, Royal Bank of Canada decreased their target price on shares of Labrador Iron Ore Royalty from C$38.00 to C$36.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 13th.
Read Our Latest Analysis on LIF
Labrador Iron Ore Royalty Trading Up 0.3 %
Shares of TSE:LIF traded up C$0.09 on Thursday, reaching C$29.98. 126,641 shares of the company's stock were exchanged, compared to its average volume of 247,490. The company has a fifty day moving average of C$30.30 and a 200-day moving average of C$30.38. Labrador Iron Ore Royalty has a twelve month low of C$28.40 and a twelve month high of C$33.97. The company has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.94 and a beta of 1.10.
About Labrador Iron Ore Royalty
(
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Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC.
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