Analyst Price Target is C$33.25
▲ +9.56% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Labrador Iron Ore Royalty in the last 3 months. The average price target is C$33.25, with a high forecast of C$35.00 and a low forecast of C$30.00. The average price target represents a 9.56% upside from the last price of C$30.35.
Current Consensus is
The current consensus among 3 polled investment analysts is to hold stock in Labrador Iron Ore Royalty. This Hold consensus rating has held steady for over two years.
Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. Its primary products include standard and low silica acid, flux, and direct reduction pellets, and iron ore concentrate, as well as seaborne iron ore 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.