Labrador Iron Ore Royalty (LIF) PT Raised to C$22.00 at BMO Capital Markets

Labrador Iron Ore Royalty (TSE:LIF) had its price target increased by BMO Capital Markets from C$21.00 to C$22.00 in a report released on Monday. BMO Capital Markets’ target price indicates a potential downside of 7.06% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Eight Capital decreased their price target on shares of Labrador Iron Ore Royalty from C$26.50 to C$24.00 in a report on Monday. Scotiabank reaffirmed an “outperform” rating and set a C$32.00 price target on shares of Labrador Iron Ore Royalty in a report on Friday, March 9th. Finally, Royal Bank of Canada lifted their price target on shares of Labrador Iron Ore Royalty from C$29.00 to C$32.00 and gave the company an “outperform” rating in a report on Wednesday, January 10th.

Shares of Labrador Iron Ore Royalty (TSE:LIF) opened at C$23.67 on Monday. The stock has a market cap of $1,510.00, a P/E ratio of 9.62 and a beta of 1.22. Labrador Iron Ore Royalty has a 1-year low of C$15.10 and a 1-year 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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