Labrador Iron Ore Royalty Corporation (TSE:LIF) had its target price raised by Royal Bank Of Canada from C$23.00 to C$25.00 in a report released on Wednesday. They currently have an outperform rating on the stock.

Several other research firms have also commented on LIF. Scotiabank upped their target price on Labrador Iron Ore Royalty Corporation from C$24.50 to C$25.00 and gave the company an outperform rating in a report on Tuesday. BMO Capital Markets upped their target price on Labrador Iron Ore Royalty Corporation from C$17.00 to C$18.00 in a report on Tuesday, September 26th. Eight Capital reaffirmed a neutral rating on shares of Labrador Iron Ore Royalty Corporation in a report on Thursday, August 17th. Finally, CSFB raised Labrador Iron Ore Royalty Corporation from an underperform rating to an outperform rating and upped their target price for the company from C$16.50 to C$20.00 in a report on Thursday, August 3rd.

Shares of Labrador Iron Ore Royalty Corporation (TSE LIF) opened at C$21.53 on Wednesday. Labrador Iron Ore Royalty Corporation has a fifty-two week low of C$15.10 and a fifty-two week high of C$21.83.

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The business also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Saturday, September 30th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 28th. This is a positive change from Labrador Iron Ore Royalty Corporation’s previous quarterly dividend of $0.25. This represents a $4.00 annualized dividend and a dividend yield of 18.58%. Labrador Iron Ore Royalty Corporation’s dividend payout ratio is 40.82%.

Labrador Iron Ore Royalty Corporation Company Profile

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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