▲ +3.09% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Labrador Iron Ore Royalty in the last 3 months. The average price target is C$38.14, with a high forecast of C$45.00 and a low forecast of C$29.00. The average price target represents a 3.09% upside from the last price of C$37.00.
The current consensus among 5 investment analysts is to buy stock in Labrador Iron Ore Royalty. This rating has held steady since September 2019, when it changed from a Hold consensus rating.
Labrador Iron Ore Royalty Corporation, together with its subsidiary, Hollinger-Hanna Limited, owns a 15.10% equity interest in Iron Ore Company of Canada (IOC) that operates an iron mine at Labrador City, Newfoundland and Labrador. IOC produces seaborne iron ore pellets; and produces and processes iron ore concentrate and pellets. The company was formerly known as Labrador Iron Ore Royalty Income Fund and changed its name to Labrador Iron Ore Royalty Corporation in July 2010. Labrador Iron Ore Royalty Corporation is based in Toronto, Canada.