The Globe and Mail reports in its Friday edition that RBC Capital Markets analyst Sam Crittenden warns falling base metals prices will be significant headwind to second quarter financial results for North American producers. The Globe's David Leeder writes in the Eye On Equities column that Mr. Crittenden has reaffirmed his "sector perform" recommendation for Labrador Iron Ore Royalty. The RBC stockpicker continues to target the shares at $40. Analysts on average target the shares at $35.29. Mr. Crittenden says in a note, "We expect a negative reaction to Labrador Iron Ore Royalty's Q2 earnings, which we expect to be slightly weaker [quarter over quarter] due to operational interruptions at IOC stemming from regional forest fires, which shut down the mine for about two weeks and impacted the rail line to the port." The Globe reported on Aug. 10, 2022, that Mr. Crittenden was keeping his "sector perform" call on Labrador Iron Ore intact. It was then worth $28.59. The Globe reported on Jan. 4, 2023, that Raymond James analyst Brian MacArthur had reaffirmed his "market perform" ranking for Labrador Iron Ore. It was then worth $34.94.