LABRADOR IRON ORE ROYALTY CORPORATION Stock Price Hits 52-Week High Today

 LABRADOR IRON ORE ROYALTY CORPORATION Stock Price Hits 52 Week High Today

The stock of LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) hit a new 52-week high and has $24.45 target or 47.00% above today’s $16.63 share price. The 8 months bullish chart indicates low risk for the $1.03B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $24.45 price target is reached, the company will be worth $484.10M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 63,702 shares traded hands. LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) has risen 35.78% since April 5, 2016 and is uptrending. It has outperformed by 31.00% the S&P500.

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 $13.75 average target is -17.32% below today’s ($16.63) stock price. Labrador Iron Ore Royalty Corporation has been the topic of 20 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Market Perform” rating by BMO Capital Markets given on Thursday, January 14. As per Friday, August 7, the company rating was downgraded by Desjardins Securities. RBC Capital Markets maintained LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) on Thursday, October 20 with “Outperform” rating. The stock of LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) has “Market Perform” rating given on Monday, November 9 by Raymond James. The stock of LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) has “Neutral” rating given on Wednesday, August 19 by Credit Suisse. Canaccord Genuity upgraded the shares of LIF in a report on Friday, September 4 to “Buy” rating. The stock of LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) earned “Sector Outperform” rating by Scotia Capital on Friday, October 16. Raymond James upgraded LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) on Tuesday, September 8 to “Outperform” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, October 16 report. On Tuesday, December 15 the stock rating was maintained by RBC Capital Markets with “Outperform”.

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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