Labrador Iron Ore Royalty (TSE:LIF) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Labrador Iron Ore Royalty Co. (TSE:LIF) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$30.26 and traded as high as C$30.88. Labrador Iron Ore Royalty shares last traded at C$30.60, with a volume of 240,849 shares.

Analyst Upgrades and Downgrades

Separately, Scotiabank reduced their target price on Labrador Iron Ore Royalty from C$32.00 to C$31.00 in a report on Wednesday, November 6th.

Labrador Iron Ore Royalty Price Performance

The firm has a fifty day simple moving average of C$29.56 and a two-hundred day simple moving average of C$30.27. The firm has a market capitalization of C$1.96 billion, a P/E ratio of 9.22, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10.

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.