Labrador Iron Ore Royalty (TSE:LIF) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Labrador Iron Ore Royalty Co. (TSE:LIF) has surpassed its 200-day moving average, trading at C$28.15, up from a low of C$28.06.
• The company announced a quarterly dividend of $0.40 to be paid on October 29th, yielding 5.7% based on an annualized dividend of $1.60.
• Currently, the stock has a market capitalization of C$1.80 billion and a price-to-earnings ratio of 15.90.

Labrador Iron Ore Royalty Co. (TSE:LIF - ) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$28.06 and traded as high as C$28.57. Labrador Iron Ore Royalty shares last traded at C$28.15, with a volume of 181,544 shares traded.

Labrador Iron Ore Royalty Stock Down 0.8%

The stock has a market capitalization of C$1.80 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 0.94 and a beta of 0.61. The stock has a fifty day moving average of C$27.47 and a 200-day moving average of C$28.06.

Labrador Iron Ore Royalty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Monday, September 29th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.7%. Labrador Iron Ore Royalty's payout ratio is 127.12%.

About Labrador Iron Ore Royalty

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC.

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