Analyst Price Target is C$33.00
▲ +13.25% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Labrador Iron Ore Royalty in the last 3 months. The average price target is C$33.00, with a high forecast of C$35.00 and a low forecast of C$31.00. The average price target represents a 13.25% upside from the last price of C$29.14.
Current Consensus is
Moderate Buy
The current consensus among 2 investment analysts is to moderate buy stock in Labrador Iron Ore Royalty. This rating has held steady since February 2024, when it changed from a Hold consensus rating.
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; iron ore concentrate; and 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. The company is based in Toronto, Canada.
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