Labrador Iron Ore Royalty (TSE:LIF) Share Price Passes Below 200 Day Moving Average - Here's Why

Key Points

• Labrador Iron Ore Royalty's stock price has dropped below its 200-day moving average, with a current trading price of C$28.16.
• The company will pay a quarterly dividend of $0.40 per share, resulting in an annualized yield of 5.7% for investors of record as of September 29th.
• Labrador Iron Ore Royalty has a market cap of C$1.80 billion and a PE ratio of 15.91.

Labrador Iron Ore Royalty Co. (TSE:LIF - )'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$28.19 and traded as low as C$28.09. Labrador Iron Ore Royalty shares last traded at C$28.16, with a volume of 145,810 shares changing hands.

Labrador Iron Ore Royalty Trading Down 0.4%

The company has a market cap of C$1.80 billion, a PE ratio of 15.91, a P/E/G ratio of 0.94 and a beta of 0.52. The business has a fifty day moving average of C$27.30 and a 200-day moving average of C$28.19.

Labrador Iron Ore Royalty Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Monday, September 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.7%. Labrador Iron Ore Royalty's dividend payout ratio is presently 127.12%.

Labrador Iron Ore Royalty Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.