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TSE:LIF

Labrador Iron Ore Royalty Stock Forecast, Price & News

C$27.06
-0.94 (-3.36%)
(As of 07/5/2022 10:51 AM ET)
Add
Compare
Today's Range
C$26.90
C$27.73
50-Day Range
C$28.00
C$35.46
52-Week Range
C$26.90
C$51.00
Volume
93,841 shs
Average Volume
346,705 shs
Market Capitalization
C$1.73 billion
P/E Ratio
4.86
Dividend Yield
16.61%
Price Target
C$39.33

Labrador Iron Ore Royalty MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
43.6% Upside
C$39.33 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

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.02 out of 5 stars

30 days | 90 days | 365 days | Advanced Chart

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Labrador Iron Ore Royalty logo

About Labrador Iron Ore Royalty (TSE:LIF) Stock

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. The company's primary products include standard and low silica acid, flux, direct reduction pellets, and iron ore concentrate, as well as 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. Labrador Iron Ore Royalty Corporation is based in Toronto, Canada.

LIF Stock News Headlines

2 of the Best TSX Dividend Stocks to Buy to Retire Early
2 Red-Hot Dividend Stocks I’d Buy in February 2022
Dividend Stock: Is a 15% Yield Too Good to Be True?
3 of the Strongest-Yielding Dividend Stocks on the TSX Today
3 High-Dividend Canadian Stocks to Buy Before August Ends
3 Stocks Benefiting from Rising Iron Ore Prices
See More Headlines

Industry, Sector and Symbol

Industry
Steel & Iron
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Company Calendar

Ex-Dividend for 4/26 Dividend
3/30/2022
Dividend Payable
4/26/2022
Last Earnings
5/05/2022
Ex-Dividend for 7/26 Dividend
6/29/2022
Today
7/05/2022
Dividend Payable
7/26/2022
Next Earnings (Estimated)
8/04/2022

Price Target and Rating

Average Stock Price Forecast
C$39.33
High Stock Price Forecast
C$42.00
Low Stock Price Forecast
C$36.00
Forecasted Upside/Downside
+45.4%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
5 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$267.91 million
Cash Flow
C$0.20 per share
Book Value
C$9.30 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.73 billion
Optionable
Not Optionable
Beta
N/A














Labrador Iron Ore Royalty Frequently Asked Questions

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Labrador Iron Ore Royalty in the last twelve months. There are currently 5 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Labrador Iron Ore Royalty stock. 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 analyst ratings for Labrador Iron Ore Royalty
or view top-rated stocks.

What is Labrador Iron Ore Royalty's stock price forecast for 2022?

5 analysts have issued 1 year target prices for Labrador Iron Ore Royalty's stock. Their LIF stock forecasts range from C$36.00 to C$42.00. On average, they anticipate Labrador Iron Ore Royalty's stock price to reach C$39.33 in the next twelve months. This suggests a possible upside of 45.1% from the stock's current price.
View analysts' price targets for Labrador Iron Ore Royalty
or view top-rated stocks among Wall Street analysts.

How has Labrador Iron Ore Royalty's stock price performed in 2022?

Labrador Iron Ore Royalty's stock was trading at C$37.53 at the start of the year. Since then, LIF shares have decreased by 27.8% and is now trading at C$27.11.
View the best growth stocks for 2022 here
.

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

Labrador Iron Ore Royalty is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Labrador Iron Ore Royalty
.

How were Labrador Iron Ore Royalty's earnings last quarter?

Labrador Iron Ore Royalty Co. (TSE:LIF) issued its quarterly earnings results on Thursday, May, 5th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.17. The company earned $54.16 million during the quarter.
View Labrador Iron Ore Royalty's earnings history
.

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

Labrador Iron Ore Royalty announced a quarterly dividend on Tuesday, June 14th. Investors of record on Thursday, June 30th will be paid a dividend of 0.90 per share on Tuesday, July 26th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 13.28%. The ex-dividend date is Wednesday, June 29th. This is a boost from Labrador Iron Ore Royalty's previous quarterly dividend of C$0.50.
View Labrador Iron Ore Royalty's dividend history
.

Is Labrador Iron Ore Royalty a good dividend stock?

Labrador Iron Ore Royalty(TSE:LIF) pays an annual dividend of C$5.50 per share and currently has a dividend yield of 16.61%. LIF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Labrador Iron Ore Royalty is 98.74%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Labrador Iron Ore Royalty's dividend history.

Who are Labrador Iron Ore Royalty's key executives?

Labrador Iron Ore Royalty's management team includes the following people:
  • Mr. John F. Tuer, Pres, CEO & Director (Age 57, Pay $348.07k)
  • Mr. Alan Richard Thomas, Chief Financial Officer (Age 79, Pay $188.37k)
  • Ms. Sandra L. Rosch, Exec. VP & Director (Age 62, Pay $188.37k)
  • Robert O. Hansen, Sec.

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).

What is Labrador Iron Ore Royalty's stock symbol?

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

How do I buy shares of Labrador Iron Ore Royalty?

Shares of LIF 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.

What is Labrador Iron Ore Royalty's stock price today?

One share of LIF stock can currently be purchased for approximately C$27.11.

How much money does Labrador Iron Ore Royalty make?

Labrador Iron Ore Royalty (TSE:LIF) has a market capitalization of C$1.74 billion and generates C$267.91 million in revenue each year.

How can I contact Labrador Iron Ore Royalty?

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

This page (TSE:LIF) was last updated on 7/5/2022 by MarketBeat.com Staff

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