Labrador Iron Ore Royalty (OTCMKTS:LIFZF – Get Rating) had its price target reduced by Scotiabank from C$50.00 to C$48.00 in a research report issued on Wednesday, The Fly reports.
Separately, BMO Capital Markets decreased their target price on Labrador Iron Ore Royalty from C$38.00 to C$36.00 in a research report on Wednesday, January 19th.
LIFZF traded up $0.53 during trading hours on Wednesday, hitting $31.82. The company’s stock had a trading volume of 2,087 shares, compared to its average volume of 15,246. Labrador Iron Ore Royalty has a 12 month low of $26.61 and a 12 month high of $42.40. The business’s 50-day moving average price is $34.13 and its 200-day moving average price is $31.02.
Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. The company's primary products include standard and low silica acid, flux, direct reduction pellets, and iron ore concentrate, as well as seaborne iron ore pellets.
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