Several other analysts also recently commented on the company. BMO Capital Markets upped their price objective on Labrador Iron Ore Royalty from C$18.00 to C$21.00 in a research note on Monday, December 18th. Royal Bank of Canada upped their price objective on Labrador Iron Ore Royalty from C$29.00 to C$32.00 and gave the company an outperform rating in a research note on Wednesday, January 10th.
Shares of Labrador Iron Ore Royalty (TSE:LIF) opened at C$23.66 on Friday. The company has a market capitalization of $1,560.00, a P/E ratio of 9.66 and a beta of 1.22. Labrador Iron Ore Royalty has a one year low of C$15.10 and a one year high of C$28.55.
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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