Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$30.27 and traded as low as C$29.91. Labrador Iron Ore Royalty shares last traded at C$30.10, with a volume of 265,203 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Scotiabank reduced their price target on Labrador Iron Ore Royalty from C$32.00 to C$31.00 in a research report on Wednesday, November 6th.
Check Out Our Latest Stock Analysis on LIF
Labrador Iron Ore Royalty Stock Down 1.1 %
The stock has a market cap of C$1.90 billion, a PE ratio of 8.96, a PEG ratio of 0.94 and a beta of 1.10. The business's 50-day simple moving average is C$30.52 and its 200-day simple moving average is C$30.27.
About Labrador Iron Ore Royalty
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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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