Is Buying 52-Week Stock Like LABRADOR IRON ORE ROYALTY CORPORATION a Winning Strategy?

 Is Buying 52 Week Stock Like LABRADOR IRON ORE ROYALTY CORPORATION a Winning Strategy?

The stock of LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) hit a new 52-week high and has $22.39 target or 34.00% above today’s $16.71 share price. The 9 months bullish chart indicates low risk for the $1.04B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $22.39 price target is reached, the company will be worth $353.60M 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 77,411 shares traded hands. LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) has risen 21.84% since April 15, 2016 and is uptrending. It has outperformed by 17.98% 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 -17.71% below today’s ($16.71) 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 “Neutral” rating given on Wednesday, August 19 by Credit Suisse. The stock of LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) earned “Outperform” rating by RBC Capital Markets on Friday, October 16. The firm has “Sector Outperform” rating by Scotia Capital given on Friday, October 16. The stock has “Buy” rating given by Canaccord Genuity on Friday, September 4. As per Friday, August 7, the company rating was downgraded by Desjardins Securities. BMO Capital Markets downgraded the shares of LIF in a report on Thursday, January 14 to “Market Perform” rating. As per Tuesday, December 15, the company rating was maintained by RBC Capital Markets. The stock of LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) earned “Market Perform” rating by Raymond James on Monday, November 9. The stock has “Outperform” rating given by Raymond James on Tuesday, September 8. RBC Capital Markets maintained it with “Outperform” rating and $16 target price in Thursday, October 20 report.

More recent LABRADOR IRON ORE ROYALTY CORPORATION (TSE:LIF) news were published by: Business.Financialpost.com which released: “Thursday is voting day for Labrador Iron Ore Royalty Corp” on May 27, 2015. Also Fool.ca published the news titled: “Should You Buy Labrador Iron Ore Royalty Company?” on January 29, 2014. Fool.ca‘s news article titled: “First Quantum Minerals Limited and Labrador Iron Ore Royalty Corp. Are on the Move” with publication date: February 22, 2016 was also an interesting one.

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