Labrador Iron Mines (TSE: LIM) received a number of ratings updates from brokerages and research firms in the last week:

  • Labrador Iron Mines is now covered by analysts at Raymond James. They set a “market perform” rating and a $3.25 price target on the stock.
  • Labrador Iron Mines had its price target lowered by analysts at Stonecap Securities from $2.60 to $2.10.
  • Labrador Iron Mines had its price target lowered by analysts at RBC Capital from $5.00 to $3.00. They now have a “sector perform” rating on the stock.
  • Labrador Iron Mines had its price target lowered by analysts at Desjardins Securities from $5.50 to $5.00. They now have a “buy” rating on the stock.
  • Labrador Iron Mines was downgraded by analysts at Canaccord Genuity from a “buy” rating to a “speculative buy” rating. They now have a $4.50 price target on the stock, down previously from $6.00.
  • Labrador Iron Mines had its “outperform” rating reaffirmed by analysts at Haywood Securities. They now have a $4.70 price target on the stock.
  • Labrador Iron Mines had its price target lowered by analysts at Scotia Capital from $6.00 to $4.50. They now have an “outperform” rating on the stock.

Shares of Labrador Iron Mines opened at 1.39 on Monday. Labrador Iron Mines has a 52 week low of $1.37 and a 52 week high of $8.32. The company’s market cap is $94.2 million.

Labrador Iron Mines Holdings Limited is an iron ore producer, engaged in the mining of iron ore and in the exploration and development of direct shipping iron ore projects (the Schefferville Projects) in the central part of the Labrador Trough region, situated in the Province of Newfoundland and Labrador and in the Province of Quebec.