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S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
"Prepare for Five Years of Famine" (Ad)
Germany, EU reach agreement in combustion engine row
Bank failures and rescue test Yellen's decades of experience
"Prepare for Five Years of Famine" (Ad)
Intel co-founder, philanthropist Gordon Moore dies at 94
'What can we do?': Millions in African countries need power
"Prepare for Five Years of Famine" (Ad)
Judge rules online archive's book service violated copyright
Renamed Horseshoe to host Poker World Series on Vegas Strip
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
"Prepare for Five Years of Famine" (Ad)
Germany, EU reach agreement in combustion engine row
Bank failures and rescue test Yellen's decades of experience
"Prepare for Five Years of Famine" (Ad)
Intel co-founder, philanthropist Gordon Moore dies at 94
'What can we do?': Millions in African countries need power
"Prepare for Five Years of Famine" (Ad)
Judge rules online archive's book service violated copyright
Renamed Horseshoe to host Poker World Series on Vegas Strip
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
"Prepare for Five Years of Famine" (Ad)
Germany, EU reach agreement in combustion engine row
Bank failures and rescue test Yellen's decades of experience
"Prepare for Five Years of Famine" (Ad)
Intel co-founder, philanthropist Gordon Moore dies at 94
'What can we do?': Millions in African countries need power
"Prepare for Five Years of Famine" (Ad)
Judge rules online archive's book service violated copyright
Renamed Horseshoe to host Poker World Series on Vegas Strip
TSE:LIF

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

C$31.10
-0.17 (-0.54%)
(As of 03/24/2023 12:00 AM ET)
Add
Compare
Today's Range
C$30.52
▼
C$31.12
50-Day Range
C$31.10
▼
C$39.36
52-Week Range
C$25.24
▼
C$42.86
Volume
224,400 shs
Average Volume
358,899 shs
Market Capitalization
C$1.99 billion
P/E Ratio
7.53
Dividend Yield
9.97%
Price Target
C$33.70

Labrador Iron Ore Royalty MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.4% Upside
C$33.70 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.

1.35 out of 5 stars

See Top Rated MarketRank™ Stocks Here

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

March 8, 2023 | ca.finance.yahoo.com
LABRADOR IRON ORE ROYALTY CORPORATION - CASH DIVIDEND FOR THE FIRST QUARTER OF 2023 - $0.50 PER COMMON SHARE
October 25, 2022 | seekingalpha.com
Horizon Kinetics - Labrador Iron Ore Royalty Corp.: Paying Out The Entirety Of Its Cash Flow
March 25, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
October 6, 2022 | seekingalpha.com
Labrador Iron Ore: 12.87% Yield Likely To Decline, Still Attractive
September 20, 2022 | ca.finance.yahoo.com
2 Canadian Dividend Stocks (With +9% Yields) You’ll Regret Not Buying at These Prices
September 16, 2022 | msn.com
Canada shares lower at close of trade; S&P/TSX Composite down 0.89%
September 14, 2022 | theglobeandmail.com
Labrador Iron Ore Royalty: Top 10 Undervalued Steel Industry Sector Stocks on Toronto Stock Exchange (LIF)
September 13, 2022 | msn.com
2 TSX Commodity-Linked Stocks (With Dividends) to Buy Now and Hold Forever
March 25, 2023 | Behind the Markets (Ad)
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
July 16, 2022 | morningstar.com
Labrador Iron Ore Royalty Corp - Stock Dividends LIF
July 5, 2022 | theglobeandmail.com
Gordon Pape’s mailbag: Seeking a retirement fund, safe haven dilemmas and other investing concerns
June 16, 2022 | fool.ca
1 of the Best High-Yield Stocks to Buy Now
June 14, 2022 | finance.yahoo.com
LABRADOR IRON ORE ROYALTY CORPORATION - CASH DIVIDEND FOR THE SECOND QUARTER OF 2022 - $0.90 PER COMMON SHARE
March 17, 2022 | ca.finance.yahoo.com
2 of the Best TSX Dividend Stocks to Buy to Retire Early
March 11, 2022 | finance.yahoo.com
CASH DIVIDEND FOR THE FIRST QUARTER OF 2022 - $0.50 PER COMMON SHARE
February 28, 2022 | msn.com
2 of the Safest Dividend Stocks to Buy Amid the Ukraine Crisis
February 9, 2022 | ca.finance.yahoo.com
2 Red-Hot Dividend Stocks I’d Buy in February 2022
January 15, 2022 | ca.finance.yahoo.com
Dividend Stock: Is a 15% Yield Too Good to Be True?
December 15, 2021 | finance.yahoo.com
LABRADOR IRON ORE ROYALTY CORPORATION - CASH DIVIDEND FOR THE FOURTH QUARTER OF 2021 - $1.15 PER COMMON SHARE
November 26, 2021 | theglobeandmail.com
Is Labrador Iron Ore Royalty’s high double-digit dividend yield safe?
October 14, 2021 | sg.finance.yahoo.com
Altius Reports Third Quarter 2021 Expected Attributable Royalty Revenue of Approximately $20.7 million
October 12, 2021 | fool.ca
The 3 Best Canadian Dividend Stocks I’d Buy in October 2021
September 16, 2021 | msn.com
3 Under-$50 Canadian Dividend Stocks I’d Buy to Retire Early
August 27, 2021 | ca.finance.yahoo.com
3 of the Strongest-Yielding Dividend Stocks on the TSX Today
August 26, 2021 | ca.finance.yahoo.com
3 High-Dividend Canadian Stocks to Buy Before August Ends
August 16, 2021 | finance.yahoo.com
Labrador Iron Ore Royalty Corporation (TSX: LIF) - IOC Management Changes
May 6, 2021 | finance.yahoo.com
Labrador Iron Ore Royalty Corporation - Results for the First Quarter Ended March 31, 2021
See More Headlines
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LIF Company Calendar

Ex-Dividend for 1/26 Dividend
12/29/2022
Dividend Payable
1/26/2023
Today
3/25/2023
Ex-Dividend for 4/26 Dividend
3/30/2023
Dividend Payable
4/26/2023
Next Earnings (Estimated)
5/04/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Steel & Iron
Sub-Industry
N/A
Sector
Basic Materials
Current Symbol
TSE:LIF
CUSIP
N/A
CIK
N/A
Web
www.labradorironore.com
Phone
416-863-7133
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$33.70
High Stock Price Forecast
C$36.00
Low Stock Price Forecast
C$27.50
Forecasted Upside/Downside
+8.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$4.13
Trailing P/E Ratio
7.53
Forward P/E Ratio
9.03
P/E Growth
0.94
Net Income
C$265.45 million
Net Margins
114.26%
Pretax Margin
N/A
Return on Equity
44.19%
Return on Assets
13.67%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
1.53
Quick Ratio
1.42

Sales & Book Value

Annual Sales
C$232.32 million
Price / Sales
8.57
Cash Flow
C$0.61 per share
Price / Cash Flow
50.97
Book Value
C$9.96 per share
Price / Book
3.12

Miscellaneous

Outstanding Shares
64,000,000
Free Float
N/A
Market Cap
C$1.99 billion
Optionable
Not Optionable
Beta
1.31

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.

Key Competitors

View All Competitors













LIF Stock - Frequently Asked Questions

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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Labrador Iron Ore Royalty in the last year. There are currently 4 hold ratings for the stock. The consensus among Wall Street 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?

4 equities research analysts have issued 12-month target prices for Labrador Iron Ore Royalty's stock. Their LIF share price forecasts range from C$27.50 to C$36.00. On average, they expect the company's share price to reach C$33.70 in the next year. This suggests a possible upside of 8.4% 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 on January 1st, 2023. Since then, LIF shares have decreased by 7.4% and is now trading at C$31.10.
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, May 4th 2023.
View our LIF earnings forecast.

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. Shareholders 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 6.43%. The ex-dividend date 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 9.83%. LIF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 75.06%. 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$31.10.

How much money does Labrador Iron Ore Royalty make?

Labrador Iron Ore Royalty (TSE:LIF) has a market capitalization of C$1.99 billion and generates C$232.32 million in revenue each year. The company earns C$265.45 million in net income (profit) each year or C$4.13 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 3/25/2023 by MarketBeat.com Staff