Labrador Iron Ore Royalty (LIF) PT Raised to C$28.00 at BMO Capital Markets

Labrador Iron Ore Royalty (TSE:LIF) had its price target boosted by BMO Capital Markets from C$26.00 to C$28.00 in a research report report published on Tuesday.

TSE:LIF opened at C$31.01 on Tuesday. Labrador Iron Ore Royalty has a one year low of C$20.31 and a one year high of C$31.36.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 25th. Shareholders of record on Sunday, September 30th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Thursday, September 27th. Labrador Iron Ore Royalty’s payout ratio is 51.84%.

Labrador Iron Ore Royalty Company Profile

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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