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 an iron ores at Labrador City, Newfoundland and Labrador. IOC produces seaborne iron ore pellets; and sells standard and low silica acid, flux, and direct reduction pellets, as well as iron ore concentrate. 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.

Overall MarketRank^™

1.59 out of 5 stars

2.4 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$40.71, Labrador Iron Ore Royalty has a forecasted downside of 5.1% from its current price of C$42.92.
Amount of Analyst Coverage
Labrador Iron Ore Royalty has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

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 476 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Labrador Iron Ore Royalty has received 60.25% “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.

1.7 Dividend Strength

Dividend Leadership
Labrador Iron Ore Royalty is a leading dividend payer. It pays a dividend yield of 7.69%, 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 92.96%. Payout ratios above 75% are not desirable because they may not be sustainable.

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.

1.9 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Labrador Iron Ore Royalty is 12.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Labrador Iron Ore Royalty is 12.09, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 32.16.
Price to Earnings Growth Ratio
Labrador Iron Ore Royalty has a PEG Ratio of 0.96. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Labrador Iron Ore Royalty has a P/B Ratio of 4.85. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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 Wednesday, August 4th 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) released its earnings results on Thursday, March, 4th. The company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate 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 price been impacted by COVID-19 (Coronavirus)?

Labrador Iron Ore Royalty's stock was trading at C$15.01 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, LIF stock has increased by 185.9% and is now trading at C$42.92.
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. Stockholders 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 yield of 9.32%. 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$3.30 per share and currently has a dividend yield of 7.69%. 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 92.96%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Labrador Iron Ore Royalty's dividend history.

What price target have analysts set for LIF?

5 brokerages have issued 12-month price targets for Labrador Iron Ore Royalty's shares. Their forecasts range from C$29.00 to C$45.00. On average, they expect Labrador Iron Ore Royalty's share price to reach C$40.71 in the next twelve months. This suggests that the stock has a possible downside of 5.1%.
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 $177.68k)
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 Lundin Mining (LUN), Kirkland Lake Gold (KL), Polymetal International (AUCOY), Cleveland-Cliffs (CLF), Aluminum Co. of China (ACH), Arkema (ARKAY), EVRAZ (EVR), Kinross Gold (KGC), Cameco (CCO), AngloGold Ashanti (AU), Mondi (MNDI), Katanga Mining Limited (KAT.TO) (KAT), BRP (DOO), Canadian Utilities (CU) and Fresnillo (FNLPF).
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$42.92.

How much money does Labrador Iron Ore Royalty make?

Labrador Iron Ore Royalty has a market capitalization of C$2.75 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 5/9/2021 by MarketBeat.com Staff

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