Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$30.36 and traded as high as C$30.95. Labrador Iron Ore Royalty shares last traded at C$30.84, with a volume of 108,001 shares traded.
Wall Street Analysts Forecast Growth
Separately, Scotiabank dropped their price objective on shares of Labrador Iron Ore Royalty from C$32.00 to C$31.00 in a research note on Wednesday, November 6th.
View Our Latest Stock Analysis on Labrador Iron Ore Royalty
Labrador Iron Ore Royalty Trading Down 1.5 %
The business's 50 day simple moving average is C$30.15 and its two-hundred day simple moving average is C$30.38. The firm has a market capitalization of C$1.96 billion, a PE ratio of 9.96, a price-to-earnings-growth 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 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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