Labrador Iron Ore Royalty Corporation (TSE:LIF) had its price objective upped by analysts at Scotiabank from C$16.00 to C$17.00 in a report issued on Wednesday. The firm currently has a “sector perform” rating on the stock. Scotiabank’s target price points to a potential downside of 2.69% from the company’s previous close.

Several other analysts have also recently commented on LIF. RBC Capital Markets reduced their target price on Labrador Iron Ore Royalty Corporation from C$16.00 to C$15.00 and set an “outperform” rating on the stock in a report on Saturday, August 6th. Royal Bank Of Canada upped their target price 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Labrador Iron Ore Royalty Corporation has a consensus rating of “Buy” and a consensus price target of C$14.19.

Analyst Recommendations for Labrador Iron Ore Royalty Corporation (TSE:LIF)

Shares of Labrador Iron Ore Royalty Corporation (TSE:LIF) traded down 1.49% during trading on Wednesday, reaching $17.21. 241,111 shares of the company were exchanged. Labrador Iron Ore Royalty Corporation has a one year low of $6.85 and a one year high of $17.93. The firm’s 50 day moving average price is $14.68 and its 200 day moving average price is $13.54. The company has a market capitalization of $1.10 billion and a PE ratio of 21.68.

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