Should I buy or sell Labrador Iron Ore Royalty stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Labrador Iron Ore Royalty in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LIF shares. View LIF analyst ratings or view top-rated stocks .

What is Labrador Iron Ore Royalty's stock price target for 2024?

2 Wall Street research analysts have issued twelve-month target prices for Labrador Iron Ore Royalty's stock. Their LIF share price targets range from C$30.00 to C$35.00. On average, they expect the company's stock price to reach C$32.50 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price. View analysts price targets for LIF or view top-rated stocks among Wall Street analysts .

How have LIF shares performed in 2024?

Labrador Iron Ore Royalty's stock was trading at C$31.90 at the start of the year. Since then, LIF stock has decreased by 4.8% and is now trading at C$30.37. View the best growth stocks for 2024 here .

When is Labrador Iron Ore Royalty's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our LIF earnings forecast .

How often does Labrador Iron Ore Royalty pay dividends? What is the dividend yield for Labrador Iron Ore Royalty?

Labrador Iron Ore Royalty declared a quarterly dividend on Tuesday, March 12th. Shareholders of record on Thursday, March 28th will be paid a dividend of 0.45 per share on Friday, April 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Wednesday, March 27th. Read our dividend analysis for LIF .

Is Labrador Iron Ore Royalty a good dividend stock?

Labrador Iron Ore Royalty (TSE:LIF) pays an annual dividend of C$2.50 per share and currently has a dividend yield of 8.61%. LIF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 85.91%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for LIF .

What other stocks do shareholders of Labrador Iron Ore Royalty own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Labrador Iron Ore Royalty investors own include Bombardier, Inc. Class B (BBD.B) , Canadian National Railway (CNR) , Toronto-Dominion Bank (TD) , Suncor Energy (SU) , Teck Resources (TECK.B) , AltaGas (ALA) , CGI (GIB.A) , Royal Bank of Canada (RY) , Semafo (SMF) and Air Canada (AC) .

How do I buy shares of Labrador Iron Ore Royalty?

Shares of LIF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:LIF

Labrador Iron Ore Royalty (LIF) Stock Price, News & Analysis

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C$30.37

+0.10 (+0.33%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$30.05
▼
C$30.76
50-Day Range: C$28.58
▼
C$31.09
52-Week Range: C$27.04
▼
C$34.18

Volume: 153,404 shs
Average Volume: 166,014 shs
Market Capitalization: C$1.94 billion

P/E Ratio: 10.44
Dividend Yield: 8.23%
Price Target: C$32.50

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Get Labrador Iron Ore Royalty alerts:

Labrador Iron Ore Royalty MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 7.0% Upside
C$32.50 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.40 out of 5 stars

1.3

Analyst's Opinion

Consensus Rating
Labrador Iron Ore Royalty has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Labrador Iron Ore Royalty has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for LIF.

1.7

Dividend Strength

Dividend Leadership
Labrador Iron Ore Royalty is a leading dividend payer. It pays a dividend yield of 8.61%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Labrador Iron Ore Royalty does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Labrador Iron Ore Royalty is 85.91%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LIF.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Labrador Iron Ore Royalty this week, compared to 0 articles on an average week.
Search Interest
Only 1 people have searched for LIF on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Labrador Iron Ore Royalty to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Labrador Iron Ore Royalty insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.07% of the stock of Labrador Iron Ore Royalty is held by insiders.
Percentage Held by Institutions
Only 22.13% of the stock of Labrador Iron Ore Royalty is held by institutions.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Labrador Iron Ore Royalty is 10.44, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 147.65.
Price to Earnings Ratio vs. Sector
The P/E ratio of Labrador Iron Ore Royalty is 10.44, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 140.25.
Price to Earnings Growth Ratio
Labrador Iron Ore Royalty has a PEG Ratio of 0.94. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Labrador Iron Ore Royalty has a P/B Ratio of 2.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Labrador Iron Ore Royalty Stock (TSE:LIF)

Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. Its primary products include standard and low silica acid, flux, and direct reduction pellets; iron ore concentrate; and seaborne iron ore pellets. The company was formerly known as Labrador Iron Ore Royalty Income Fund and changed its name to Labrador Iron Ore Royalty Corporation in July 2010. The company is based in Toronto, Canada.

LIF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

LIF Stock News Headlines

April 13, 2024 | morningstar.com

Labrador Iron Ore Royalty Corp LIFZF

April 9, 2024 | finance.yahoo.com

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April 9, 2024 | americanbankingnews.com

Labrador Iron Ore Royalty (TSE:LIF) Stock Price Passes Below 200 Day Moving Average of $31.18

March 13, 2024 | msn.com

Energy sector and materials help TSX close just shy of the 22,000 mark

March 13, 2024 | theglobeandmail.com

Truckin42 Revolutionizes Car Hauling Industry with Innovative Truck Dispatch Services and IFTA Trucking Solutions

March 12, 2024 | ca.finance.yahoo.com

CASH DIVIDEND FOR THE FIRST QUARTER OF 2024 - $0.45 PER COMMON SHARE

March 11, 2024 | theglobeandmail.com

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March 9, 2024 | morningstar.com

Labrador Iron Ore Royalty Corp

January 31, 2024 | yahoo.com

Ina Garten's favorite Lodge cast iron skillet is on sale for only $20 at Amazon

December 15, 2023 | seekingalpha.com

Labrador Iron Ore Royalty Corporation declares CAD 0.45 dividend

December 8, 2023 | msn.com

3 Dividend Stocks With the Highest Yields on the TSX Today

September 14, 2023 | ca.finance.yahoo.com

LABRADOR IRON ORE ROYALTY CORPORATION - CASH DIVIDEND FOR THE THIRD QUARTER OF 2023 - $0.95 PER COMMON SHARE

September 11, 2023 | finance.yahoo.com

Is Labrador Iron Ore Royalty Corporation (TSE:LIF) Trading At A 36% Discount?

August 4, 2023 | msn.com

Could These 2 Ultra-High Yield Stocks Help You Retire a Millionaire?

August 4, 2023 | finance.yahoo.com

The total return for Labrador Iron Ore Royalty (TSE:LIF) investors has risen faster than earnings growth over the last five years

August 3, 2023 | finance.yahoo.com

LABRADOR IRON ORE ROYALTY CORPORATION - RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2023

July 6, 2023 | markets.businessinsider.com

RBC Capital Keeps a Hold Rating on Labrador Iron Ore (LIF)

June 14, 2023 | finance.yahoo.com

LABRADOR IRON ORE ROYALTY CORPORATION - CASH DIVIDEND FOR THE SECOND QUARTER OF 2023 - $0.65 PER COMMON SHARE

June 7, 2023 | msn.com

Franco-Nevada: A Commodity Weighted Portfolio Of These Smaller Royalty Companies Is 50% Cheaper

June 2, 2023 | markets.businessinsider.com

Raymond James Maintains a Hold Rating on Labrador Iron Ore (LIF)

May 12, 2023 | theglobeandmail.com

Closing Bell: Labrador Iron Ore Royalty Corp up on Friday (LIF)

May 12, 2023 | markets.businessinsider.com

RBC Capital Reaffirms Their Hold Rating on Labrador Iron Ore (LIF)

May 3, 2023 | msn.com

This Oversold Stock Is a Must-Buy for Investors on the TSX Today

April 26, 2023 | theglobeandmail.com

Closing Bell: Labrador Iron Ore Royalty Corp up on Wednesday (LIF)

April 25, 2023 | theglobeandmail.com

Closing Bell: Labrador Iron Ore Royalty Corp down on Tuesday (LIF)

See More Headlines

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Company Calendar

Ex-Dividend for 1/26 Dividend: 12/28/2023
Dividend Payable: 1/26/2024
Ex-Dividend for 4/26 Dividend: 3/27/2024
Today: 4/18/2024
Dividend Payable: 4/26/2024
Next Earnings (Estimated): 5/02/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Basic Materials
Industry: Steel
Sub-Industry: N/A
Current Symbol: TSE:LIF
CUSIP: N/A
CIK: N/A
Web: www.labradorironore.com
Phone: 416-863-7133
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$32.50
High Stock Price Target: C$35.00
Low Stock Price Target: C$30.00
Potential Upside/Downside: +7.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.91
Trailing P/E Ratio: 10.44
Forward P/E Ratio: 8.80
P/E Growth: 0.94
Net Income: C$186.31 million
Net Margins: 93.08%
Pretax Margin: N/A
Return on Equity: 28.73%
Return on Assets: 11.38%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.67
Quick Ratio: 1.42

Sales & Book Value

Annual Sales: C$200.17 million
Price / Sales: 9.71
Cash Flow: C$0.60 per share
Price / Cash Flow: 50.97
Book Value: C$10.30 per share
Price / Book: 2.95

Miscellaneous

Outstanding Shares: 64,000,000
Free Float: N/A
Market Cap: C$1.94 billion
Optionable: Not Optionable
Beta: 1.14

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Key Executives

Mr. John F. Tuer (Age 58)
President, CEO & Director
Comp: $346.49k
Mr. Alan Richard Thomas (Age 81)
Chief Financial Officer
Comp: $187.51k
Ms. Sandra L. Rosch (Age 63)
Executive VP & Director
Comp: $187.51k
Robert O. Hansen
Secretary

Key Competitors

View All Competitors

LIF Stock Analysis - Frequently Asked Questions

Should I buy or sell Labrador Iron Ore Royalty stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Labrador Iron Ore Royalty in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LIF shares.
View LIF analyst ratings or view top-rated stocks.
What is Labrador Iron Ore Royalty's stock price target for 2024?: 2 Wall Street research analysts have issued twelve-month target prices for Labrador Iron Ore Royalty's stock. Their LIF share price targets range from C$30.00 to C$35.00. On average, they expect the company's stock price to reach C$32.50 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price.
View analysts price targets for LIF or view top-rated stocks among Wall Street analysts.
How have LIF shares performed in 2024?: Labrador Iron Ore Royalty's stock was trading at C$31.90 at the start of the year. Since then, LIF stock has decreased by 4.8% and is now trading at C$30.37.
View the best growth stocks for 2024 here.
When is Labrador Iron Ore Royalty's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our LIF earnings forecast.

How often does Labrador Iron Ore Royalty pay dividends? What is the dividend yield for Labrador Iron Ore Royalty?: Labrador Iron Ore Royalty declared a quarterly dividend on Tuesday, March 12th. Shareholders of record on Thursday, March 28th will be paid a dividend of 0.45 per share on Friday, April 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for LIF.
Is Labrador Iron Ore Royalty a good dividend stock?: Labrador Iron Ore Royalty (TSE:LIF) pays an annual dividend of C$2.50 per share and currently has a dividend yield of 8.61%. LIF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 85.91%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for LIF.
What other stocks do shareholders of Labrador Iron Ore Royalty own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Labrador Iron Ore Royalty investors own include Bombardier, Inc. Class B (BBD.B), Canadian National Railway (CNR), Toronto-Dominion Bank (TD), Suncor Energy (SU), Teck Resources (TECK.B), AltaGas (ALA), CGI (GIB.A), Royal Bank of Canada (RY), Semafo (SMF) and Air Canada (AC).
How do I buy shares of Labrador Iron Ore Royalty?: Shares of LIF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:LIF) was last updated on 4/19/2024 by MarketBeat.com Staff

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Labrador Iron Ore Royalty (LIF) Stock Price, News & Analysis

Labrador Iron Ore Royalty MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Labrador Iron Ore Royalty Stock (TSE:LIF)

LIF Stock Price History

LIF Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

LIF Stock Analysis - Frequently Asked Questions

Overall MarketRank^™