Is LABRADOR IRON ORE ROYALTY CORPORATION a Buy? The Stock Rises Again

 Is LABRADOR IRON ORE ROYALTY CORPORATION a Buy? The Stock Rises Again

The stock of LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) is a huge mover today! About 44,223 shares traded hands. LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) has risen 20.85% since March 31, 2016 and is uptrending. It has outperformed by 19.76% the S&P500.
The move comes after 7 months positive chart setup for the $908.80 million company. It was reported on Nov, 4 by Barchart.com. We have $22.46 PT which if reached, will make TSE:LIF worth $508.93M more.

LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) Ratings Coverage

Out of 5 analysts covering Labrador Iron Ore Royalty Corporation (TSE:LIF), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $22 is the highest target while $9 is the lowest. The $13.58 average target is -5.69% below today’s ($14.4) stock price. Labrador Iron Ore Royalty Corporation has been the topic of 19 analyst reports since August 7, 2015 according to StockzIntelligence Inc. As per Monday, November 9, the company rating was downgraded by Raymond James. The stock of LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) earned “Outperform” rating by RBC Capital Markets on Friday, October 16. The rating was upgraded by Raymond James on Tuesday, September 8 to “Outperform”. Scotia Capital maintained LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) on Friday, October 16 with “Sector Outperform” rating. The company was downgraded on Friday, August 7 by Desjardins Securities. On Tuesday, December 15 the stock rating was maintained by RBC Capital Markets with “Outperform”. Canaccord Genuity upgraded LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) rating on Friday, September 4. Canaccord Genuity has “Buy” rating and $18 price target. The stock of LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) has “Neutral” rating given on Wednesday, August 19 by Credit Suisse. BMO Capital Markets downgraded the stock to “Market Perform” rating in Thursday, January 14 report. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, October 20 report.

More news for LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) were recently published by: Business.Financialpost.com, which released: “Thursday is voting day for Labrador Iron Ore Royalty Corp” on May 27, 2015. Fool.ca‘s article titled: “Should You Buy Labrador Iron Ore Royalty Company?” and published on January 29, 2014 is yet another important article.

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