Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$29.81 and traded as high as C$29.89. Labrador Iron Ore Royalty shares last traded at C$29.70, with a volume of 350,977 shares changing hands.
Analysts Set New Price Targets
Several research firms have recently commented on LIF. TD Securities cut Labrador Iron Ore Royalty from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 13th. Royal Bank of Canada lowered their price target on shares of Labrador Iron Ore Royalty from C$38.00 to C$36.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 13th.
Read Our Latest Report on LIF
Labrador Iron Ore Royalty Stock Up 0.2 %
The firm's fifty day simple moving average is C$29.04 and its 200-day simple moving average is C$29.76. The company has a market cap of C$1.90 billion, a PE ratio of 9.68, a P/E/G ratio of 0.94 and a beta of 1.10.
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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