Labrador Iron Ore Royalty (TSE:LIF) Sets New 1-Year Low - What's Next?

Shares of Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as C$27.74 and last traded at C$27.75, with a volume of 87787 shares traded. The stock had previously closed at C$28.74.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Royal Bank of Canada cut their price objective on Labrador Iron Ore Royalty from C$38.00 to C$36.00 and set a "sector perform" rating for the company in a research report on Thursday, March 13th. TD Securities cut Labrador Iron Ore Royalty from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 13th.

Labrador Iron Ore Royalty Price Performance

The stock has a market capitalization of C$1.73 billion, a price-to-earnings ratio of 8.82, a PEG ratio of 0.94 and a beta of 1.10. The business's 50-day simple moving average is C$29.94 and its two-hundred day simple moving average is C$30.28.

Labrador Iron Ore Royalty Company Profile

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.