Free Trial
TSE:LIF

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

C$29.32
-0.63 (-2.10%)
(As of 06/21/2024 ET)
Today's Range
C$29.00
C$29.94
50-Day Range
C$28.80
C$30.96
52-Week Range
C$28.48
C$34.18
Volume
1.72 million shs
Average Volume
171,492 shs
Market Capitalization
C$1.88 billion
P/E Ratio
9.28
Dividend Yield
8.53%
Price Target
C$32.33

Labrador Iron Ore Royalty MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
10.3% Upside
C$32.33 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

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.03 out of 5 stars

LIF stock logo

About Labrador Iron Ore Royalty Stock (TSE:LIF)

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. Its primary products include standard and low silica acid, flux, and direct reduction pellets; iron ore concentrate; and 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. The company is based in Toronto, Canada.

LIF Stock Price History

LIF Stock News Headlines

Labrador Iron Ore Royalty Corp LIFZF
Who are Nvidia’s Silent Partners?
Nvidia recently became just the third $2 trillion company. But Nvidia can’t do everything by itself.
Who are Nvidia’s Silent Partners?
Nvidia recently became just the third $2 trillion company. But Nvidia can’t do everything by itself.
Labrador Iron Ore Royalty Corp
RBC Capital Keeps a Hold Rating on Labrador Iron Ore (LIF)
Raymond James Maintains a Hold Rating on Labrador Iron Ore (LIF)
RBC Capital Reaffirms Their Hold Rating on Labrador Iron Ore (LIF)
See More Headlines
Receive LIF Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Labrador Iron Ore Royalty and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 4/26 Dividend
3/27/2024
Dividend Payable
4/26/2024
Last Earnings
5/08/2024
Today
6/23/2024
Ex-Dividend for 7/26 Dividend
6/28/2024
Dividend Payable
7/26/2024
Next Earnings (Estimated)
8/07/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
C$32.33
High Stock Price Target
C$35.00
Low Stock Price Target
C$30.00
Potential Upside/Downside
+10.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
C$202.07 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$209.68 million
Cash Flow
C$0.58 per share
Book Value
C$10.78 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.88 billion
Optionable
Not Optionable
Beta
1.10
7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report

Key Executives

  • Mr. John F. Tuer (Age 59)
    President, CEO & Director
    Comp: $338.93k
  • Mr. Alan Richard Thomas (Age 81)
    Chief Financial Officer
    Comp: $183.42k
  • Ms. Sandra L. Rosch (Age 64)
    Executive VP & Director
    Comp: $183.42k
  • Robert O. Hansen
    Secretary

LIF Stock Analysis - Frequently Asked Questions

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

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Labrador Iron Ore Royalty in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" LIF shares.
View LIF analyst ratings
or view top-rated stocks.

What is Labrador Iron Ore Royalty's stock price target for 2024?

2 Wall Street research analysts have issued 1-year price objectives for Labrador Iron Ore Royalty's stock. Their LIF share price targets range from C$30.00 to C$35.00. On average, they predict the company's stock price to reach C$32.33 in the next year. This suggests a possible upside of 10.3% 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 2024?

Labrador Iron Ore Royalty's stock was trading at C$31.90 at the start of the year. Since then, LIF stock has decreased by 8.1% and is now trading at C$29.32.
View the best growth stocks for 2024 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
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 Wednesday, May, 8th. The company reported $0.93 EPS for the quarter. The company had revenue of $56.66 million for the quarter. Labrador Iron Ore Royalty had a net margin of 96.37% and a trailing twelve-month return on equity of 30.18%.

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 11th. Shareholders of record on Friday, June 28th will be given a dividend of 1.10 per share on Friday, July 26th. This represents a $4.40 annualized dividend and a yield of 15.01%. The ex-dividend date is Friday, June 28th. This is a boost from the stock's previous quarterly dividend of C$0.45.
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$2.50 per share and currently has a dividend yield of 8.34%. LIF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 79.11%. 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).

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.

This page (TSE:LIF) was last updated on 6/23/2024 by MarketBeat.com Staff

From Our Partners