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.

In other news, Director Mark James Fuller acquired 3,000 shares of Labrador Iron Ore Royalty stock in a transaction that occurred on Friday, July 20th. The stock was bought at an average price of C$24.05 per share, for a total transaction of C$72,150.00.

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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