Labrador Iron Ore Royalty Corporation (TSE:LIF) has been given a consensus rating of “Buy” by the eight brokerages that are currently covering the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$13.81.

Several research firms have weighed in on LIF. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$16.00 price target on shares of Labrador Iron Ore Royalty Corporation in a report on Wednesday. RBC Capital Markets raised their price target on Labrador Iron Ore Royalty Corporation from C$15.00 to C$16.00 and gave the company an “outperform” rating in a report on Thursday, September 8th. Scotiabank reaffirmed a “sector perform” rating and issued a C$15.00 price target on shares of Labrador Iron Ore Royalty Corporation in a report on Monday, August 8th. Finally, CSFB set a C$14.50 price target on Labrador Iron Ore Royalty Corporation in a report on Thursday, June 30th.

Shares of Labrador Iron Ore Royalty Corporation (TSE:LIF) traded down 1.45% during mid-day trading on Thursday, reaching $13.59. The company had a trading volume of 45,615 shares. The stock has a 50 day moving average price of $13.32 and a 200 day moving average price of $13.19. The firm has a market capitalization of $863.20 million and a PE ratio of 18.02. Labrador Iron Ore Royalty Corporation has a 12-month low of $6.85 and a 12-month high of $16.92.

About Labrador Iron Ore Royalty Corporation

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