Shares of Labrador Iron Ore Royalty Co. (TSE:LIF – Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$29.42 and traded as low as C$28.00. Labrador Iron Ore Royalty shares last traded at C$28.24, with a volume of 187,428 shares trading hands.
Analyst Ratings Changes
Separately, TD Securities cut their target price on shares of Labrador Iron Ore Royalty from C$30.00 to C$29.00 and set a “hold” rating on the stock in a report on Friday, March 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Labrador Iron Ore Royalty has a consensus rating of “Hold” and an average target price of C$29.50.
Read Our Latest Analysis on LIF
Labrador Iron Ore Royalty Price Performance
Labrador Iron Ore Royalty (TSE:LIF – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$35.75 million during the quarter. Labrador Iron Ore Royalty had a return on equity of 14.38% and a net margin of 55.72%. Research analysts predict that Labrador Iron Ore Royalty Co. will post 3.7420091 EPS for the current fiscal year.
About Labrador Iron Ore Royalty
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. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC’s sales of iron ore.
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