Report
EUR 14.40 For Business Accounts Only

An unfavourable environment weighs on LABRADOR IRON ORE, which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of LABRADOR IRON ORE (CA), active in the Steel industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date April 5, 2022, the closing price was CAD 40.22 and its target price was estimated at CAD 33.33.
Underlying
Labrador Iron Ore Royalty Corporation

Labrador Iron Ore Royalty Corp, directly and through its wholly-owned subsidiary Hollinger-Hanna Limited ("Hollinger-Hanna"), holds a 15.10% equity interest in Iron Ore Company of Canada ("IOC"). Co. receives a 7% gross overriding royalty and Hollinger-Hanna receives a C$0.10 per tonne fee on all iron ore products produced, sold and shipped by IOC.

Provider
TheScreener
TheScreener

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