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.
COPYRIGHT VIOLATION WARNING: This article was first published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this article on another site, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this article can be viewed at https://www.thelincolnianonline.com/2018/03/14/labrador-iron-ore-royalty-lif-pt-raised-to-c22-00-at-bmo-capital-markets.html.
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.
Receive News & Ratings for Labrador Iron Ore Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Labrador Iron Ore Royalty and related companies with MarketBeat.com's FREE daily email newsletter.