Labrador Iron Ore Royalty Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Labrador Iron Ore Royalty in the last twelve months. 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.

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Labrador Iron Ore Royalty is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Labrador Iron Ore Royalty.

Labrador Iron Ore Royalty Co. (TSE:LIF) released its quarterly earnings data on Thursday, May, 6th. The company reported $1.35 EPS for the quarter, missing the Zacks' consensus estimate of $1.55 by $0.20. The company earned $65.72 million during the quarter.
View Labrador Iron Ore Royalty's earnings history.

Labrador Iron Ore Royalty's stock was trading at C$15.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LIF stock has increased by 208.6% and is now trading at C$46.32.
View which stocks have been most impacted by COVID-19.

Labrador Iron Ore Royalty announced a quarterly dividend on Tuesday, June 15th. Stockholders of record on Wednesday, June 30th will be paid a dividend of 1.75 per share on Monday, July 26th. This represents a $7.00 dividend on an annualized basis and a yield of 15.11%. The ex-dividend date of this dividend is Tuesday, June 29th. This is a positive change from Labrador Iron Ore Royalty's previous quarterly dividend of C$1.00.
View Labrador Iron Ore Royalty's dividend history.

Labrador Iron Ore Royalty pays an annual dividend of C$3.30 per share and currently has a dividend yield of 10.32%. 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 79.14%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Labrador Iron Ore Royalty's dividend history.

5 brokers have issued 12 month target prices for Labrador Iron Ore Royalty's stock. Their forecasts range from C$29.00 to C$50.00. On average, they expect Labrador Iron Ore Royalty's share price to reach C$42.79 in the next year. This suggests that the stock has a possible downside of 7.6%.
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Some companies that are related to Labrador Iron Ore Royalty include Sociedad Química y Minera de Chile (SQM), Svenska Cellulosa Aktiebolaget SCA (publ) (SVCBY), The Mosaic (MOS), Bunge (BG), CF Industries (CF), Companhia Siderúrgica Nacional (SID), Polymetal International (AUCOY), Teck Resources (TECK), Kirkland Lake Gold (KL), Cleveland-Cliffs (CLF), The Scotts Miracle-Gro (SMG), Covestro (1COV), Kinross Gold (K), South32 (SOUHY) and Arkema (ARKAY).
View all of LIF's competitors.

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).

Labrador Iron Ore Royalty trades on the Toronto Stock Exchange (TSX) under the ticker symbol "LIF."

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.
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One share of LIF stock can currently be purchased for approximately C$46.32.

Labrador Iron Ore Royalty has a market capitalization of C$2.96 billion and generates C$219.51 million in revenue each year.

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

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