Royal Bank of Canada Increases Labrador Iron Ore Royalty (LIF) Price Target to C$32.00

Labrador Iron Ore Royalty (TSE:LIF) had its price target lifted by Royal Bank of Canada from C$29.00 to C$32.00 in a research note published on Wednesday morning. Royal Bank of Canada currently has an outperform rating on the stock.

Several other analysts also recently commented on LIF. Scotiabank reaffirmed an outperform rating and set a C$24.50 price objective on shares of Labrador Iron Ore Royalty in a research report on Tuesday, October 17th. BMO Capital Markets raised their price objective on shares of Labrador Iron Ore Royalty from C$17.00 to C$18.00 in a research report on Tuesday, September 26th.

Shares of Labrador Iron Ore Royalty (LIF) opened at C$27.76 on Wednesday. The company has a market cap of $1,820.00, a P/E ratio of 11.33 and a beta of 1.25. Labrador Iron Ore Royalty has a 52-week low of C$15.10 and a 52-week high of C$28.55.

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About Labrador Iron Ore Royalty

Labrador Iron Ore Royalty Corporation, together with its subsidiary, Hollinger-Hanna Limited, owns a 15.10% equity interest in Iron Ore Company of Canada (IOC) that operates an iron mine near Labrador City, Newfoundland and Labrador. IOC engages in the production and sale of iron ore pellets and concentrates in North America, Europe, the Middle East, and the Asia-Pacific region.

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