Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$30.25 and traded as low as C$28.67. Labrador Iron Ore Royalty shares last traded at C$29.14, with a volume of 193,848 shares trading hands.
Wall Street Analyst Weigh In
Separately, Scotiabank decreased their target price on Labrador Iron Ore Royalty from C$32.00 to C$31.00 in a research note on Wednesday, November 6th.
Check Out Our Latest Analysis on Labrador Iron Ore Royalty
Labrador Iron Ore Royalty Stock Performance
The stock has a 50-day simple moving average of C$30.17 and a 200 day simple moving average of C$30.25. The company has a market cap of C$1.86 billion, a P/E ratio of 8.78, a P/E/G ratio of 0.94 and a beta of 1.10.
Labrador Iron Ore Royalty Company Profile
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Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. Its primary products include standard and low silica acid, flux, and direct reduction pellets; iron ore concentrate; and seaborne iron ore pellets.
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