Labrador Iron Ore Royalty (OTCMKTS:LIFZF) Trading Up 1.1%

Shares of Labrador Iron Ore Royalty Co. (OTCMKTS:LIFZF – Get Rating) were up 1.1% during mid-day trading on Tuesday . The company traded as high as $28.85 and last traded at $28.85. Approximately 4,038 shares were traded during trading, a decline of 16% from the average daily volume of 4,796 shares. The stock had previously closed at $28.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LIFZF shares. Raymond James upped their price target on shares of Labrador Iron Ore Royalty from C$34.00 to C$36.00 in a report on Tuesday, January 3rd. Scotiabank reduced their target price on shares of Labrador Iron Ore Royalty from C$33.00 to C$31.00 in a research note on Friday, November 4th.

Labrador Iron Ore Royalty Price Performance

The company’s 50 day moving average is $25.59 and its two-hundred day moving average is $23.13.

About Labrador Iron Ore Royalty

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Labrador Iron Ore Royalty Corp. engages in mining for iron ore. It owns interests in Iron Ore Company of Canada which operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from the company. The company was founded in 1995 and is headquartered in Toronto, Canada.