Royal Bank of Canada Has Lowered Expectations for Labrador Iron Ore Royalty (TSE:LIF) Stock Price

Labrador Iron Ore Royalty (TSE:LIF) had its target price cut by Royal Bank of Canada from C$38.00 to C$36.00 in a research report released on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Labrador Iron Ore Royalty Price Performance

Shares of LIF opened at C$30.05 on Thursday. The company has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 0.94 and a beta of 1.10. Labrador Iron Ore Royalty has a fifty-two week low of C$28.40 and a fifty-two week high of C$33.97. The business’s 50-day moving average is C$30.30 and its 200-day moving average is C$30.38.

Labrador Iron Ore Royalty Company Profile

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC.