BMO Capital Markets Raises Labrador Iron Ore Royalty (TSE:LIF) Price Target to C$33.00


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Labrador Iron Ore Royalty (TSE:LIF) had its price target lifted by BMO Capital Markets from C$32.00 to C$33.00 in a report released on Tuesday, BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential downside of 9.89% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Raymond James lifted their target price on shares of Labrador Iron Ore Royalty from C$35.00 to C$38.00 and gave the company an “outperform” rating in a report on Friday, January 15th. Scotiabank lifted their target price on shares of Labrador Iron Ore Royalty from C$36.00 to C$40.00 and gave the company an “outperform” rating in a report on Monday, January 11th. Royal Bank of Canada lifted their target price on shares of Labrador Iron Ore Royalty from C$39.00 to C$40.00 in a report on Tuesday, January 12th. TD Securities lifted their target price on shares of Labrador Iron Ore Royalty from C$38.00 to C$40.00 and gave the company a “buy” rating in a report on Monday, January 25th. Finally, Eight Capital lifted their target price on shares of Labrador Iron Ore Royalty to C$40.00 and gave the company an “outperform” rating in a report on Friday, January 22nd. Five analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of C$37.14.

TSE LIF traded down C$0.21 during trading on Tuesday, reaching C$36.62. The company’s stock had a trading volume of 125,300 shares, compared to its average volume of 257,569. The firm has a market cap of C$2.34 billion and a price-to-earnings ratio of 11.67. Labrador Iron Ore Royalty has a twelve month low of C$13.25 and a twelve month high of C$37.19. The business’s fifty day moving average price is C$33.43 and its 200-day moving average price is C$29.10.

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 at Labrador City, Newfoundland and Labrador. IOC produces seaborne iron ore pellets; and produces and processes iron ore concentrate and pellets.

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Analyst Recommendations for Labrador Iron Ore Royalty (TSE:LIF)

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