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)

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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

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

February 2, 2023 | americanbankingnews.com

Raymond James Equities Analysts Lower Earnings Estimates for Labrador Iron Ore Royalty Co. (TSE:LIF)

February 2, 2023 | americanbankingnews.com

Labrador Iron Ore Royalty (TSE:LIF) PT Raised to C$38.00 at Raymond James

February 2, 2023 | Investor Place Media (Ad)

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October 25, 2022 | seekingalpha.com

Horizon Kinetics - Labrador Iron Ore Royalty Corp.: Paying Out The Entirety Of Its Cash Flow

October 6, 2022 | seekingalpha.com

Labrador Iron Ore: 12.87% Yield Likely To Decline, Still Attractive

September 20, 2022 | ca.finance.yahoo.com

2 Canadian Dividend Stocks (With +9% Yields) You’ll Regret Not Buying at These Prices

September 16, 2022 | msn.com

Canada shares lower at close of trade; S&P/TSX Composite down 0.89%

September 14, 2022 | theglobeandmail.com

Labrador Iron Ore Royalty: Top 10 Undervalued Steel Industry Sector Stocks on Toronto Stock Exchange (LIF)

February 2, 2023 | Investor Place Media (Ad)

Cash Holders STILL Aren't Taking Steps to Prepare

September 13, 2022 | msn.com

2 TSX Commodity-Linked Stocks (With Dividends) to Buy Now and Hold Forever

July 16, 2022 | morningstar.com

Labrador Iron Ore Royalty Corp - Stock Dividends LIF

July 5, 2022 | theglobeandmail.com

Gordon Pape’s mailbag: Seeking a retirement fund, safe haven dilemmas and other investing concerns

June 16, 2022 | fool.ca

1 of the Best High-Yield Stocks to Buy Now

June 14, 2022 | finance.yahoo.com

LABRADOR IRON ORE ROYALTY CORPORATION - CASH DIVIDEND FOR THE SECOND QUARTER OF 2022 - $0.90 PER COMMON SHARE

March 17, 2022 | ca.finance.yahoo.com

2 of the Best TSX Dividend Stocks to Buy to Retire Early

March 11, 2022 | finance.yahoo.com

CASH DIVIDEND FOR THE FIRST QUARTER OF 2022 - $0.50 PER COMMON SHARE

February 28, 2022 | msn.com

2 of the Safest Dividend Stocks to Buy Amid the Ukraine Crisis

February 9, 2022 | ca.finance.yahoo.com

2 Red-Hot Dividend Stocks I’d Buy in February 2022

January 15, 2022 | ca.finance.yahoo.com

Dividend Stock: Is a 15% Yield Too Good to Be True?

December 15, 2021 | finance.yahoo.com

LABRADOR IRON ORE ROYALTY CORPORATION - CASH DIVIDEND FOR THE FOURTH QUARTER OF 2021 - $1.15 PER COMMON SHARE

November 26, 2021 | theglobeandmail.com

Is Labrador Iron Ore Royalty’s high double-digit dividend yield safe?

October 14, 2021 | sg.finance.yahoo.com

Altius Reports Third Quarter 2021 Expected Attributable Royalty Revenue of Approximately $20.7 million

October 12, 2021 | fool.ca

The 3 Best Canadian Dividend Stocks I’d Buy in October 2021

September 16, 2021 | msn.com

3 Under-$50 Canadian Dividend Stocks I’d Buy to Retire Early

August 27, 2021 | ca.finance.yahoo.com

3 of the Strongest-Yielding Dividend Stocks on the TSX Today

August 26, 2021 | ca.finance.yahoo.com

3 High-Dividend Canadian Stocks to Buy Before August Ends

August 16, 2021 | finance.yahoo.com

Labrador Iron Ore Royalty Corporation (TSX: LIF) - IOC Management Changes

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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

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Steel & Iron
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: TSE:LIF
CUSIP: N/A
CIK: N/A
Web: www.labradorironore.com
Phone: 416-863-7133
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

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 8.19
Forward P/E Ratio: 11.62
P/E Growth: 0.94
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.42
Quick Ratio: 1.42

Sales & Book Value

Annual Sales: C$244.34 million
Price / Sales: 10.01
Cash Flow: C$0.75 per share
Price / Cash Flow: 50.97
Book Value: C$9.97 per share
Price / Book: 3.83

Miscellaneous

Outstanding Shares: 64,000,000
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.

Key Competitors

View All Competitors

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

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