Labrador Iron Ore Royalty Corp. (LIF:CA)
TD Securities recently reiterated its Hold rating on Labrador Iron Ore Royalty Corp., maintaining a 12 month target price of $29.00 per share, reflecting a balanced risk-reward profile at current levels. The firm continues to view LIF’s royalty-based business model as attractive for income-oriented investors, supported by steady cash flows and dividend generation tied to iron ore shipments from the Iron Ore Company of Canada. However, TD remains cautious due to ongoing volatility in iron ore prices, sensitivity to global steel demand, particularly from China and limited near-term catalysts for meaningful upside. As a result, the shares are seen as fairly valued, with the existing yield and cash flow stability offset by commodity price and macroeconomic risks.
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