Labrador Iron Ore Royalty (TSE:LIF) Given New C$26.00 Price Target at BMO Capital Markets
Labrador Iron Ore Royalty (TSE:LIF) had its price objective hoisted by equities researchers at BMO Capital Markets from C$25.00 to C$26.00 in a research report issued to clients and investors on Thursday, September 20th. BMO Capital Markets’ price objective would suggest a potential downside of 7.83% from the stock’s current price.
Shares of TSE LIF traded up C$0.16 during mid-day trading on Thursday, hitting C$28.21. 137,700 shares of the stock traded hands, compared to its average volume of 219,333. Labrador Iron Ore Royalty has a 52 week low of C$20.25 and a 52 week high of C$28.98.
Labrador Iron Ore Royalty (TSE:LIF) last released its earnings results on Tuesday, August 7th. The company reported C($0.05) EPS for the quarter. The business had revenue of C$5.23 million during the quarter.
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 near Labrador City, Newfoundland and Labrador. IOC engages in the production and sale of iron ore pellets and concentrates in North America, Europe, the Middle East, and the Asia-Pacific region.
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