Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$29.72 and traded as high as C$29.87. Labrador Iron Ore Royalty shares last traded at C$29.82, with a volume of 157,668 shares.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Royal Bank of Canada reduced 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 report on Thursday, March 13th. TD Securities lowered shares of Labrador Iron Ore Royalty from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 13th.
View Our Latest Stock Analysis on LIF
Labrador Iron Ore Royalty Stock Down 0.6%
The company has a 50-day moving average of C$28.91 and a two-hundred day moving average of C$29.63. The company has a market capitalization of C$1.81 billion, a P/E ratio of 9.20, a price-to-earnings-growth 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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