Labrador Iron Ore Royalty (TSE:LIF) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Labrador Iron Ore Royalty Co. (TSE:LIF) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$29.50 and traded as low as C$28.45. Labrador Iron Ore Royalty shares last traded at C$29.00, with a volume of 315,917 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Scotiabank raised their price objective on shares of Labrador Iron Ore Royalty from C$28.00 to C$30.00 in a research note on Thursday, January 8th. TD Securities cut their price target on Labrador Iron Ore Royalty from C$30.00 to C$29.00 and set a “hold” rating on the stock in a research note on Friday, March 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$29.50.

Labrador Iron Ore Royalty Stock Up 1.0%

The stock has a market cap of C$1.90 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 0.94 and a beta of 0.33. The stock’s fifty day moving average is C$29.77 and its 200-day moving average is C$29.51.

Labrador Iron Ore Royalty (TSE:LIF) last posted its earnings results on Wednesday, March 11th. The company reported C$0.35 earnings per share for the quarter. The company had revenue of C$39.46 million for the quarter. Labrador Iron Ore Royalty had a net margin of 60.64% and a return on equity of 15.70%. As a group, equities research analysts predict that Labrador Iron Ore Royalty Co. will post 3.7420091 earnings per share for the current fiscal year.

Labrador Iron Ore Royalty Company Profile

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC’s sales of iron ore.