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TSE:LIF

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

C$38.23
-1.11 (-2.82%)
(As of 02/2/2023 12:00 AM ET)
Add
Compare
Today's Range
C$37.95
C$39.43
50-Day Range
C$31.73
C$39.36
52-Week Range
C$25.24
C$51.00
Volume
427,056 shs
Average Volume
397,451 shs
Market Capitalization
C$2.45 billion
P/E Ratio
8.19
Dividend Yield
7.88%
Price Target
C$33.70

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

Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
2 of the Best TSX Dividend Stocks to Buy to Retire Early
2 Red-Hot Dividend Stocks I’d Buy in February 2022
Dividend Stock: Is a 15% Yield Too Good to Be True?
3 of the Strongest-Yielding Dividend Stocks on the TSX Today
3 High-Dividend Canadian Stocks to Buy Before August Ends
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
2/02/2023
Next Earnings (Estimated)
3/10/2023

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$34.10
High Stock Price Forecast
C$38.00
Low Stock Price Forecast
C$27.50
Forecasted Upside/Downside
-11.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
5 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$244.34 million
Cash Flow
C$0.75 per share
Book Value
C$9.97 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.45 billion
Optionable
Not Optionable
Beta
N/A

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?

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.

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

5 brokers have issued 1-year target prices for Labrador Iron Ore Royalty's stock. Their LIF share price forecasts range from C$27.50 to C$38.00. On average, they predict the company's stock price to reach C$34.10 in the next year. This suggests that the stock has a possible downside of 13.3%.
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 beginning of 2023. Since then, LIF shares have increased by 17.2% and is now trading at C$39.34.
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 Friday, March 10th 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 Thursday, December 15th. Stockholders of record on Friday, December 30th will be paid a dividend of 0.70 per share on Thursday, January 26th. This represents a $2.80 annualized dividend and a yield of 7.12%. The ex-dividend date of this dividend is Thursday, December 29th.
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$3.55 per share and currently has a dividend yield of 7.88%. LIF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 76.02%. 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$39.34.

How much money does Labrador Iron Ore Royalty make?

Labrador Iron Ore Royalty (TSE:LIF) has a market capitalization of C$2.52 billion and generates C$244.34 million in revenue each year.

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 2/2/2023 by MarketBeat.com Staff