Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$30.27 and traded as low as C$29.61. Labrador Iron Ore Royalty shares last traded at C$29.73, with a volume of 276,130 shares.
Wall Street Analyst Weigh In
Separately, Scotiabank decreased their price target on shares of Labrador Iron Ore Royalty from C$32.00 to C$31.00 in a research note on Wednesday, November 6th.
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Labrador Iron Ore Royalty Stock Performance
The stock has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 8.89, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. The business has a fifty day simple moving average of C$29.66 and a 200 day simple moving average of C$30.27.
Labrador Iron Ore Royalty Company Profile
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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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