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TSE:LIF

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

C$30.07
-0.15 (-0.50%)
(As of 05:12 PM ET)
Compare
Today's Range
C$29.79
C$30.75
50-Day Range
C$28.26
C$32.68
52-Week Range
C$25.24
C$39.59
Volume
218,876 shs
Average Volume
317,146 shs
Market Capitalization
C$1.92 billion
P/E Ratio
7.83
Dividend Yield
10.31%
Price Target
C$34.00

Labrador Iron Ore Royalty MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
12.0% Upside
C$34.00 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 an average of available category scores, with extra weight given to analysis and valuation.

1.72 out of 5 stars


LIF stock 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.

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LIF Stock News Headlines

RBC Capital Reaffirms Their Hold Rating on Labrador Iron Ore (LIF)
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Technology experts working with neuroscientists have created the world's first Artificial Intelligence Network Operating System. AI can now process information like the human brain and understand the world the way humans do.
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2 of the Best TSX Dividend Stocks to Buy to Retire Early
See More Headlines

LIF Price History

LIF Company Calendar

Last Earnings
3/07/2023
Ex-Dividend for 4/26 Dividend
3/30/2023
Dividend Payable
4/26/2023
Today
6/01/2023
Next Earnings (Estimated)
8/03/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
C$34.00
High Stock Price Forecast
C$36.00
Low Stock Price Forecast
C$30.00
Forecasted Upside/Downside
+12.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
C$245.77 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$225.12 million
Cash Flow
C$0.59 per share
Book Value
C$10.14 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.93 billion
Optionable
Not Optionable
Beta
1.29

Key Executives

  • Mr. John F. Tuer (Age 58)
    Pres, CEO & Director
    Comp: $348.07k
  • Mr. Alan Richard Thomas (Age 80)
    Chief Financial Officer
    Comp: $188.37k
  • Ms. Sandra L. Rosch (Age 63)
    Exec. VP & Director
    Comp: $188.37k
  • Robert O. Hansen
    Sec.













LIF Stock - Frequently Asked Questions

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

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.

What is Labrador Iron Ore Royalty's stock price forecast for 2023?

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.

How have LIF shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our LIF earnings forecast
.

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

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%.

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 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
.

Is Labrador Iron Ore Royalty a good dividend stock?

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.

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 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.

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

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

How much money does Labrador Iron Ore Royalty make?

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.

How can I contact Labrador Iron Ore Royalty?

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

This page (TSE:LIF) was last updated on 6/1/2023 by MarketBeat.com Staff

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