Labrador Iron Ore Royalty (TSE:LIF - Get Free Report) had its price objective dropped by equities researchers at Royal Bank of Canada from C$38.00 to C$36.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Royal Bank of Canada's price objective indicates a potential upside of 23.16% from the company's current price.
Labrador Iron Ore Royalty Stock Performance
Shares of LIF traded up C$0.30 during mid-day trading on Thursday, reaching C$29.23. 210,259 shares of the company were exchanged, compared to its average volume of 244,206. The stock has a market capitalization of C$1.88 billion, a PE ratio of 9.57, a PEG ratio of 0.94 and a beta of 1.10. The business has a 50 day simple moving average of C$30.28 and a two-hundred day simple moving average of C$30.38. Labrador Iron Ore Royalty has a 52 week low of C$28.40 and a 52 week high of C$33.97.
About Labrador Iron Ore Royalty
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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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