TSE:LIF

Labrador Iron Ore Royalty Stock Forecast, Price & News

C$39.97

+0.03 (+0.08 %)

(As of 04/22/2021 04:23 PM ET)

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Today's Range

C$39.63

Now: C$39.97▼

C$40.40

50-Day Range

C$36.01

MA: C$37.98▼

C$40.30

52-Week Range

C$18.53

Now: C$39.97▼

C$40.76

Volume289,676 shs

Average Volume385,552 shs

Market CapitalizationC$2.56 billion

P/E Ratio11.26

Dividend Yield8.26%

BetaN/A

Labrador Iron Ore Royalty Corporation, together with its subsidiary, Hollinger-Hanna Limited, owns a 15.10% equity interest in Iron Ore Company of Canada (IOC) that operates an iron mine at Labrador City, Newfoundland and Labrador. IOC produces seaborne iron ore pellets; and produces and processes iron ore concentrate and 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.

Industry, Sector and Symbol

Stock Exchange TSE

Industry Steel & Iron

Sub-IndustryN/A

SectorBasic Materials

Current SymbolTSE:LIF

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.labradorironore.com

Phone416-863-7133

EmployeesN/A

Year FoundedN/A

Debt

Debt-to-Equity RatioN/A

Current Ratio1.23

Quick Ratio1.23

Price-To-Earnings

Trailing P/E Ratio11.26

Forward P/E Ratio11.26

P/E Growth0.87

Sales & Book Value

Annual SalesC$201.93 million

Price / Sales12.67

Cash FlowC$1.70 per share

Price / Cash Flow23.47

Book ValueC$8.85 per share

Price / Book4.52

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares64,000,000

Market CapC$2.56 billion

Next Earnings Date5/6/2021 (Estimated)

OptionableNot Optionable

Headlines

Labrador Iron Ore Royalty (TSE:LIF) Given a C$39.00 Price Target by Raymond James Analysts
April 21, 2021 | americanbankingnews.com

Labrador Iron Ore Royalty (TSE:LIF) Price Target Raised to C$44.00 at TD Securities
April 21, 2021 | americanbankingnews.com

Labrador Iron Ore Royalty (TSE:LIF) Price Target Increased to C$45.00 by Analysts at Eight Capital
April 20, 2021 | americanbankingnews.com

Labrador Iron Ore Royalty (TSE:LIF) Price Target Raised to C$45.00 at Scotiabank
April 12, 2021 | americanbankingnews.com

Labrador Iron Ore Royalty (TSE:LIF) Lowered to Market Perform at Raymond James
April 6, 2021 | americanbankingnews.com

BRIEF-Labrador Iron Ore Royalty Says It Has Been Advised By Iron Ore Co Of Canada On March 31, There Was Fire At Reclaimer No. 2 At IOC's Sept-Îles Port
April 3, 2021 | msn.com

Labrador Iron Ore Royalty Corporation (TSX:LIF) - IOC Management Changes
March 19, 2021 | finance.yahoo.com

Labrador Iron Ore Royalty Corporation - 2020 Results of Operations
March 4, 2021 | finance.yahoo.com

Cash Dividend for the First Quarter of 2021 - $1.00 Per Common Share
March 4, 2021 | finance.yahoo.com

/R E P E A T -- Notice to the media - Government of Canada officials to hold a technical briefing on COVID-19 vaccines in Canada/
February 4, 2021 | finance.yahoo.com

Top Steel Stocks for Q1 2021
December 10, 2020 | finance.yahoo.com

Labrador Iron Ore Royalty Corporation (TSX: LIF) - Iron Ore Company of Canada Reaches Agreement with Innu Communities
December 4, 2020 | markets.businessinsider.com

TSX falls on weakness in gold miners
November 27, 2020 | ca.reuters.com

Labrador Iron Ore Royalty Corporation - Results for the Third Quarter Ended September 30, 2020
November 6, 2020 | finance.yahoo.com

Labrador Iron Ore Royalty Crp.R (L9O.SG)
October 10, 2020 | au.finance.yahoo.com

Labrador Iron Ore Royalty Corporation Cash Dividends for the Third Quarter of 2020
September 15, 2020 | finance.yahoo.com

Labrador Iron Ore Royalty Corporation - Results for the Second Quarter Ended June 30, 2020
August 7, 2020 | finance.yahoo.com

Labrador Iron Ore Royalty Stock
August 1, 2020 | markets.businessinsider.com

Cash Dividends for the Second Quarter of 2020 - $0.45 Per Common Share Comprised of a Regular Dividend of $0.25 and a Special Dividend of $0.20
June 10, 2020 | finance.yahoo.com

LIFZF Labrador Iron Ore Royalty Corp
May 23, 2020 | www.nasdaq.com

See More Headlines

MarketRank^™

Overall MarketRank^™

1.68 out of 5 stars

1.4 Analyst's Opinion

Consensus Rating
Labrador Iron Ore Royalty has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$39.57, Labrador Iron Ore Royalty has a forecasted downside of 1.0% from its current price of C$39.97.
Amount of Analyst Coverage
Labrador Iron Ore Royalty has only been the subject of 4 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
Labrador Iron Ore Royalty has received 314 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Labrador Iron Ore Royalty has received 474 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Labrador Iron Ore Royalty has received 60.15% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Labrador Iron Ore Royalty and other stocks. Vote “Outperform” if you believe LIF will outperform the S&P 500 over the long term. Vote “Underperform” if you believe LIF will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Labrador Iron Ore Royalty is a leading dividend payer. It pays a dividend yield of 8.26%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Labrador Iron Ore Royalty does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Labrador Iron Ore Royalty is 71.83%. This payout ratio is at a healthy, sustainable level, below 75%.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Labrador Iron Ore Royalty insiders have not sold or bought any company stock.

2.5 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Labrador Iron Ore Royalty is 11.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.73.
Price to Earnings Ratio vs. Sector
The P/E ratio of Labrador Iron Ore Royalty is 11.26, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 25.90.
Price to Earnings Growth Ratio
Labrador Iron Ore Royalty has a PEG Ratio of 0.87. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Labrador Iron Ore Royalty has a P/B Ratio of 4.52. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

C$39.97

+0.03 (+0.08 %)

(As of 04/22/2021 04:23 PM ET)

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Labrador Iron Ore Royalty (TSE:LIF) Frequently Asked Questions

Is Labrador Iron Ore Royalty a buy right now?

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

What stocks does MarketBeat like better than Labrador Iron Ore Royalty?

Wall Street analysts have given Labrador Iron Ore Royalty a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Labrador Iron Ore Royalty wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

Labrador Iron Ore Royalty is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for Labrador Iron Ore Royalty.

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

Labrador Iron Ore Royalty Co. (TSE:LIF) posted its quarterly earnings data on Thursday, March, 4th. The company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.01. The business had revenue of $54.40 million for the quarter.
View Labrador Iron Ore Royalty's earnings history.

How has Labrador Iron Ore Royalty's stock been impacted by COVID-19?

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 166.3% and is now trading at C$39.97.
View which stocks have been most impacted by COVID-19.

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, March 4th. Investors of record on Wednesday, March 31st will be paid a dividend of 1.00 per share on Monday, April 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 10.01%. The ex-dividend date is Tuesday, March 30th.
View Labrador Iron Ore Royalty's dividend history.

Is Labrador Iron Ore Royalty a good dividend stock?

Labrador Iron Ore Royalty pays an annual dividend of C$2.55 per share and currently has a dividend yield of 8.26%. 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 71.83%. This payout ratio is at a healthy, sustainable level, below 75%.
View Labrador Iron Ore Royalty's dividend history.

What price target have analysts set for LIF?

5 analysts have issued 12 month target prices for Labrador Iron Ore Royalty's stock. Their forecasts range from C$29.00 to C$45.00. On average, they anticipate Labrador Iron Ore Royalty's stock price to reach C$39.57 in the next twelve months. This suggests that the stock has a possible downside of 1.0%.
View analysts' price targets for Labrador Iron Ore Royalty or view top-rated stocks among Wall Street analysts.

Who are Labrador Iron Ore Royalty's key executives?

Labrador Iron Ore Royalty's management team includes the following people:

Mr. John F. Tuer, Pres, CEO & Director
Mr. Alan Richard Thomas, Chief Financial Officer (Age 78, Pay $172.5k)
Ms. Sandra L. Rosch, Exec. VP & Director
Robert O. Hansen, Sec.

Who are some of Labrador Iron Ore Royalty's key competitors?

Some companies that are related to Labrador Iron Ore Royalty include Gerdau (GGB), Kinross Gold (KGC), Fresnillo (FNLPF), Arkema (ARKAY), Mondi (MNDI), Canadian Utilities (CU), Katanga Mining Limited (KAT.TO) (KAT), BRP (DOO), Croda International (CRDA), AngloGold Ashanti (AU), Pan American Silver (PAAS), Gold Fields (GFI), Showa Denko Materials (HCHMY), EVRAZ (EVR) and Lundin Mining (LUNMF).
View all of LIF's competitors.

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), 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).

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 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$39.97.

How much money does Labrador Iron Ore Royalty make?

Labrador Iron Ore Royalty has a market capitalization of C$2.56 billion and generates C$201.93 million in revenue each year.

What is Labrador Iron Ore Royalty's official website?

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

How can I contact Labrador Iron Ore Royalty?

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

This page was last updated on 4/22/2021 by MarketBeat.com Staff

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