TSE:LIF

Labrador Iron Ore Royalty Stock Forecast, Price & News

C$42.92
-1.26 (-2.85 %)
(As of 05/7/2021 12:00 AM ET)
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Today's Range
C$42.08
C$44.76
50-Day Range
C$36.01
C$44.18
52-Week Range
C$18.53
C$44.76
Volume372,064 shs
Average Volume373,165 shs
Market CapitalizationC$2.75 billion
P/E Ratio12.09
Dividend Yield7.69%
BetaN/A
30 days | 90 days | 365 days | Advanced Chart
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Industry, Sector and Symbol

Industry Steel & Iron
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone416-863-7133
EmployeesN/A
Year FoundedN/A

Sales & Book Value

Annual SalesC$201.93 million
Cash FlowC$1.66 per share
Book ValueC$8.85 per share

Profitability

Debt

Price-To-Earnings

Miscellaneous

Market CapC$2.75 billion
Next Earnings Date8/4/2021 (Estimated)
OptionableNot Optionable

Headlines

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Labrador Iron Ore Royalty logo

About Labrador Iron Ore Royalty

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 an iron ores at Labrador City, Newfoundland and Labrador. IOC produces seaborne iron ore pellets; and sells standard and low silica acid, flux, and direct reduction pellets, as well as iron ore concentrate. 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.

MarketRank

Overall MarketRank

1.59 out of 5 stars

Analyst Opinion: 2.4Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
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Labrador Iron Ore Royalty (TSE:LIF) Frequently Asked Questions

Is Labrador Iron Ore Royalty a buy right now?

5 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 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Labrador Iron Ore Royalty stock.
View analyst ratings for Labrador Iron Ore Royalty
or view top-rated stocks.

What stocks does MarketBeat like better than Labrador Iron Ore Royalty?

Wall Street analysts have given Labrador Iron Ore Royalty a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Labrador Iron Ore Royalty wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks 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 Wednesday, August 4th 2021.
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) released its earnings results on Thursday, March, 4th. The company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.15 by $0.01. The business had revenue of $54.40 million for the quarter.
View Labrador Iron Ore Royalty's earnings history
.

How has Labrador Iron Ore Royalty's stock price been impacted by COVID-19 (Coronavirus)?

Labrador Iron Ore Royalty's stock was trading at C$15.01 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, LIF stock has increased by 185.9% and is now trading at C$42.92.
View which stocks have been most impacted by COVID-19
.

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 Thursday, March 4th. Stockholders of record on Wednesday, March 31st will be paid a dividend of 1.00 per share on Monday, April 26th. This represents a $4.00 dividend on an annualized basis and a yield of 9.32%. The ex-dividend date is Tuesday, March 30th.
View Labrador Iron Ore Royalty's dividend history
.

Is Labrador Iron Ore Royalty a good dividend stock?

Labrador Iron Ore Royalty pays an annual dividend of C$3.30 per share and currently has a dividend yield of 7.69%. 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 92.96%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Labrador Iron Ore Royalty's dividend history.

What price target have analysts set for LIF?

5 brokerages have issued 12-month price targets for Labrador Iron Ore Royalty's shares. Their forecasts range from C$29.00 to C$45.00. On average, they expect Labrador Iron Ore Royalty's share price to reach C$40.71 in the next twelve months. This suggests that the stock has a possible downside of 5.1%.
View analysts' price targets for Labrador Iron Ore Royalty
or view top-rated stocks among Wall Street analysts.

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
  • Mr. Alan Richard Thomas, Chief Financial Officer (Age 78, Pay $177.68k)
  • Ms. Sandra L. Rosch, Exec. VP & Director
  • Robert O. Hansen, Sec.

Who are some of Labrador Iron Ore Royalty's key competitors?

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), The 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$42.92.

How much money does Labrador Iron Ore Royalty make?

Labrador Iron Ore Royalty has a market capitalization of C$2.75 billion and generates C$201.93 million in revenue each year.

What is Labrador Iron Ore Royalty's official website?

The official website for Labrador Iron Ore Royalty is www.labradorironore.com.

How can I contact Labrador Iron Ore Royalty?

The company can be reached via phone at 416-863-7133.


This page was last updated on 5/9/2021 by MarketBeat.com Staff
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