Labrador Iron Ore Royalty (TSE:LIF) PT Lowered to C$31.00

Labrador Iron Ore Royalty (TSE:LIF) had its target price dropped by investment analysts at Scotiabank from C$32.00 to C$31.00 in a report released on Monday, BayStreet.CA reports. Scotiabank’s price objective indicates a potential upside of 5.55% from the stock’s current price.

Labrador Iron Ore Royalty Price Performance

Shares of TSE LIF opened at C$29.37 on Monday. The company has a market capitalization of C$1.88 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 0.94 and a beta of 1.10. Labrador Iron Ore Royalty has a 1-year low of C$28.48 and a 1-year high of C$34.18. The business has a 50-day moving average of C$29.96 and a 200-day moving average of C$29.97.

About Labrador Iron Ore Royalty

Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. Its primary products include standard and low silica acid, flux, and direct reduction pellets; iron ore concentrate; and seaborne iron ore pellets.