Labrador Iron Ore Royalty - LIF Stock Forecast, Price & News

5 Wall Street research 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 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.

5 equities research analysts have issued 12 month price targets for Labrador Iron Ore Royalty's stock. Their LIF share price forecasts range from C$27.50 to C$40.00. On average, they anticipate the company's stock price to reach C$34.58 in the next year. This suggests a possible upside of 17.6% 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$37.53 at the beginning of the year. Since then, LIF stock has decreased by 21.7% and is now trading at C$29.40.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our LIF earnings forecast.

Labrador Iron Ore Royalty Co. (TSE:LIF) posted its earnings results on Thursday, August, 4th. The company reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.28 by $0.05. The company earned $66.37 million during the quarter.

Labrador Iron Ore Royalty announced a quarterly dividend on Thursday, September 15th. Shareholders of record on Thursday, September 29th will be paid a dividend of 1.00 per share on Wednesday, October 26th. This represents a $4.00 dividend on an annualized basis and a yield of 13.61%. The ex-dividend date is Wednesday, September 28th. This is a positive change from the stock's previous quarterly dividend of C$0.90.
Read our dividend analysis for LIF.

Labrador Iron Ore Royalty (TSE:LIF) pays an annual dividend of C$4.65 per share and currently has a dividend yield of 11.98%. LIF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 91.90%. 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$29.40.

Labrador Iron Ore Royalty (TSE:LIF) has a market capitalization of C$1.88 billion and generates C$255.05 million in revenue each year.

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