Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$30.28 and traded as low as C$29.13. Labrador Iron Ore Royalty shares last traded at C$29.39, with a volume of 576,677 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Scotiabank decreased their target price on Labrador Iron Ore Royalty from C$32.00 to C$31.00 in a research report on Wednesday, November 6th.
Get Our Latest Research Report on LIF
Labrador Iron Ore Royalty Trading Down 1.6 %
The firm has a market cap of C$1.85 billion, a P/E ratio of 8.71, a P/E/G ratio of 0.94 and a beta of 1.10. The business's 50-day moving average is C$29.84 and its two-hundred day moving average is C$30.28.
Labrador Iron Ore Royalty Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Labrador Iron Ore Royalty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Labrador Iron Ore Royalty wasn't on the list.
While Labrador Iron Ore Royalty currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
