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TSE:LIF

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

C$29.34
-0.29 (-0.98%)
(As of 09/26/2022 03:57 PM ET)
Add
Compare
Today's Range
C$29.07
C$30.07
50-Day Range
C$26.53
C$31.37
52-Week Range
C$25.24
C$51.00
Volume
243,209 shs
Average Volume
326,810 shs
Market Capitalization
C$1.88 billion
P/E Ratio
5.80
Dividend Yield
11.98%
Price Target
C$34.58
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

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
3 Stocks Benefiting from Rising Iron Ore Prices
See More Headlines
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LIF Company Calendar

Ex-Dividend for 7/26 Dividend
6/29/2022
Dividend Payable
7/26/2022
Last Earnings
8/04/2022
Today
9/26/2022
Ex-Dividend for 10/26 Dividend
9/28/2022
Dividend Payable
10/26/2022
Next Earnings (Estimated)
11/03/2022

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$34.58
High Stock Price Forecast
C$40.00
Low Stock Price Forecast
C$27.50
Forecasted Upside/Downside
+17.9%
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$255.05 million
Cash Flow
C$0.35 per share
Book Value
C$9.75 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.88 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. John F. Tuer (Age 57)
    Pres, CEO & Director
    Comp: $348.07k
  • Mr. Alan Richard Thomas (Age 79)
    Chief Financial Officer
    Comp: $188.37k
  • Ms. Sandra L. Rosch (Age 62)
    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 2022?

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.

How have LIF shares performed in 2022?

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.
View the best growth stocks for 2022 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our LIF earnings forecast
.

How were Labrador Iron Ore Royalty's earnings last quarter?

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.

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, 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
.

Is Labrador Iron Ore Royalty a good dividend stock?

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.

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$29.40.

How much money does Labrador Iron Ore Royalty make?

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.

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 9/26/2022 by MarketBeat.com Staff

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