In a report released today, Alexander Pearce from BMO Capital maintained a Hold rating on Labrador Iron Ore, with a price target of C$29.00.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
According to TipRanks, Pearce is a 4-star analyst with an average return of 14.7% and a 58.90% success rate. Pearce covers the Basic Materials sector, focusing on stocks such as Champion Iron, Labrador Iron Ore, and Fortescue Metals Group Ltd.
In a report released on July 7, RBC Capital also maintained a Hold rating on the stock with a C$36.00 price target.
Based on Labrador Iron Ore’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$35.75 million and a net profit of C$13.2 million. In comparison, last year the company earned a revenue of C$35.89 million and had a net profit of C$21.42 millionDisclaimer & DisclosureReport an Issue
