Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$30.42 and traded as low as C$28.88. Labrador Iron Ore Royalty shares last traded at C$29.42, with a volume of 450,944 shares trading hands.
Wall Street Analyst Weigh In
LIF has been the topic of several analyst reports. Royal Bank of Canada reduced their price target on Labrador Iron Ore Royalty from C$38.00 to C$36.00 and set a "sector perform" rating on the stock in a report on Thursday, March 13th. TD Securities cut shares of Labrador Iron Ore Royalty from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 13th.
View Our Latest Report on Labrador Iron Ore Royalty
Labrador Iron Ore Royalty Stock Down 6.8 %
The stock has a 50-day simple moving average of C$30.19 and a 200 day simple moving average of C$30.38. The company has a market cap of C$1.72 billion, a PE ratio of 8.78, a P/E/G ratio of 0.94 and a beta of 1.10.
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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
