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

Shares of Labrador Iron Ore Royalty Co. (TSE:LIF) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$30.42 and traded as low as C$28.88. Labrador Iron Ore Royalty shares last traded at C$29.42, with a volume of 450,944 shares.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. TD Securities lowered Labrador Iron Ore Royalty from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 13th. Royal Bank of Canada reduced their price objective on shares of Labrador Iron Ore Royalty from C$38.00 to C$36.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 13th.

Labrador Iron Ore Royalty Stock Down 1.9 %

The company has a 50 day simple moving average of C$30.34 and a 200-day simple moving average of C$30.42. The stock has a market cap of C$1.89 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.94 and a beta of 1.10.

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.