Report
EUR 13.72 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

Empowering Investors

theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals.  Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.

  • Worldwide coverage: theScreener analyses cover around 6'500 Stocks, i.e 95% of the world Market Capitalization.  theScreener state of art: We provide
  • theScreener state of art: We provide easy to use and complete analyses over Stocks, including Fundamentals / Technical / Risk/ Peer / Alternatives analyses.
  • For Research Pool community, we provide twice a week around 500 new equity analyses. We produce analyses about equities which have been upgraded or downgraded

 

Other Reports on these Companies
Other Reports from TheScreener

ResearchPool Subscriptions

Get the most out of your insights

Get in touch