Labrador Iron Ore Royalty (TSE:LIF) Given New C$36.00 Price Target at Royal Bank of Canada

Labrador Iron Ore Royalty (TSE:LIF) had its price objective decreased by Royal Bank of Canada from C$38.00 to C$36.00 in a research report released on Thursday morning,BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Labrador Iron Ore Royalty Stock Up 2.0 %

Shares of Labrador Iron Ore Royalty stock opened at C$29.52 on Thursday. Labrador Iron Ore Royalty has a 12-month low of C$28.40 and a 12-month high of C$33.97. The firm has a market capitalization of C$1.90 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. The stock’s fifty day moving average is C$30.28 and its 200-day moving average is C$30.38.

Labrador Iron Ore Royalty Company Profile

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.