Analysis: Labrador Iron Ore Royalty Corporation (TSE:LIF) Target Upped Today
In an analyst note distributed to Clients by Raymond James on 4 December, the firm, Labrador Iron Ore Royalty Corporation (TSE:LIF), had their price target downgraded to $14.00. Analusts presently have a solid Market Perform rating on the stock.
From a total of 8 analysts covering Labrador Iron Ore Royalty Corporation (TSE:LIF) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 71% of the ratings are positive. The highest target price is $16.44 while the lowest target price is $11.96. The mean of all analyst targets is $13.59 with a 52.54% above today’s ($12.39) stock price. Labrador Iron Ore Royalty Corporation was the topic of 12 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Raymond James downgraded shares on November 9 to “Market Perform” rating. Raymond James upgraded shares to “Outperform” rating and $19 target share price in a report from a September 8. Scotia Capital maintained LIF stock in a recent report from October 16 with “Sector Outperform” rating.
The stock decreased 0.24% or $0.03 on December 4, striking $12.39. Approximately shares of stock traded hands. LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) has declined 16.34% since May 4, 2015 and is downtrending. It has underperformed by 15.26% the S&P500.