Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$30.39 and traded as high as C$30.46. Labrador Iron Ore Royalty shares last traded at C$30.11, with a volume of 541,320 shares changing hands.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on LIF. TD Securities lowered shares of Labrador Iron Ore Royalty from a "strong-buy" rating to a "hold" rating in a report on Thursday. Royal Bank of Canada cut their price target 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 note on Thursday.
Read Our Latest Report on Labrador Iron Ore Royalty
Labrador Iron Ore Royalty Price Performance
The company has a market capitalization of C$1.93 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. The stock's 50 day simple moving average is C$30.28 and its 200-day simple moving average is C$30.38.
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.
Further Reading
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