Shares of Labrador Iron Ore Royalty (TSE:LIF) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$20.65 and last traded at C$20.87, with a volume of 54023 shares traded. The stock had previously closed at C$20.89.

Several research firms have recently commented on LIF. Scotiabank set a C$30.00 target price on shares of Labrador Iron Ore Royalty and gave the stock an “outperform” rating in a research note on Wednesday, April 18th. BMO Capital Markets raised their target price on shares of Labrador Iron Ore Royalty from C$21.00 to C$22.00 in a research note on Monday, March 12th. Finally, Eight Capital reduced their target price on shares of Labrador Iron Ore Royalty from C$26.50 to C$24.00 in a research note on Monday, March 12th.

Labrador Iron Ore Royalty (TSE:LIF) last announced its quarterly earnings data on Thursday, March 8th. The company reported C$12.77 EPS for the quarter. The company had revenue of C$40.60 million during the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 25th. Investors of record on Saturday, March 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.74%. The ex-dividend date was Wednesday, March 28th.

About Labrador Iron Ore Royalty

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 near Labrador City, Newfoundland and Labrador. IOC engages in the production and sale of iron ore pellets and concentrates in North America, Europe, the Middle East, and the Asia-Pacific region.

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