Labrador Iron Ore Royalty (TSE:LIF) Stock Rating Lowered by TD Securities

Labrador Iron Ore Royalty (TSE:LIF) was downgraded by research analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Royal Bank of Canada dropped their target price on Labrador Iron Ore Royalty from C$38.00 to C$36.00 and set a “sector perform” rating on the stock in a research report on Thursday.

Labrador Iron Ore Royalty Stock Performance

Shares of TSE LIF opened at C$30.05 on Thursday. Labrador Iron Ore Royalty has a 1 year low of C$28.40 and a 1 year high of C$33.97. The firm has a market cap of C$1.93 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 0.94 and a beta of 1.10. The stock’s 50-day simple moving average is C$30.30 and its 200-day simple moving average is C$30.37.

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.