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

3 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 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LIF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LIF, but not buy additional shares or sell existing shares.
View LIF analyst ratings or view top-rated stocks.

3 brokerages have issued 12 month target prices for Labrador Iron Ore Royalty's stock. Their LIF share price forecasts range from C$30.00 to C$36.00. On average, they predict the company's share price to reach C$34.00 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price.
View analysts price targets for LIF or view top-rated stocks among Wall Street analysts.

Labrador Iron Ore Royalty's stock was trading at C$33.58 at the start of the year. Since then, LIF stock has decreased by 10.2% and is now trading at C$30.14.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our LIF earnings forecast.

Labrador Iron Ore Royalty Co. (TSE:LIF) posted its quarterly earnings data on Tuesday, March, 7th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.80 by $0.10. The firm earned $48.27 million during the quarter. Labrador Iron Ore Royalty had a net margin of 109.17% and a trailing twelve-month return on equity of 39.50%.

Labrador Iron Ore Royalty declared a quarterly dividend on Tuesday, March 7th. Investors of record on Friday, March 31st will be paid a dividend of 0.50 per share on Wednesday, April 26th. This represents a $2.00 annualized dividend and a yield of 6.64%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for LIF.

Labrador Iron Ore Royalty (TSE:LIF) pays an annual dividend of C$3.10 per share and currently has a dividend yield of 10.44%. LIF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 80.73%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for LIF.

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).

Labrador Iron Ore Royalty trades on the Toronto Stock Exchange (TSX) under the ticker symbol "LIF."

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.
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One share of LIF stock can currently be purchased for approximately C$30.14.

Labrador Iron Ore Royalty (TSE:LIF) has a market capitalization of C$1.93 billion and generates C$225.12 million in revenue each year. The company earns C$245.77 million in net income (profit) each year or C$3.84 on an earnings per share basis.

The official website for the company is www.labradorironore.com. The company can be reached via phone at 416-863-7133.