TSE:LIF

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

C$31.63

+0.57 (+1.84%)

(As of 03/29/2023 11:50 AM ET)

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Today's Range: C$31.27
▼
C$31.72
50-Day Range: C$31.01
▼
C$39.36
52-Week Range: C$25.24
▼
C$42.86

Volume: 38,306 shs
Average Volume: 347,105 shs
Market Capitalization: C$2.02 billion

P/E Ratio: 7.66
Dividend Yield: 9.80%
Price Target: C$33.70

Labrador Iron Ore Royalty MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 8.5% Upside
C$33.70 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.28 out of 5 stars

1.0

Analyst's Opinion

Consensus Rating
Labrador Iron Ore Royalty has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$33.70, Labrador Iron Ore Royalty has a forecasted upside of 8.5% from its current price of C$31.06.
Amount of Analyst Coverage
Labrador Iron Ore Royalty has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for LIF.

1.7

Dividend Strength

Dividend Leadership
Labrador Iron Ore Royalty is a leading dividend payer. It pays a dividend yield of 9.91%, 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 75.06%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for LIF.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Labrador Iron Ore Royalty this week, compared to 0 articles on an average week.
Search Interest
Only 6 people have searched for LIF on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
5 people have added Labrador Iron Ore Royalty to their MarketBeat watchlist in the last 30 days. This is an increase of 67% compared to the previous 30 days.

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.
Percentage Held by Insiders
Only 0.07% of the stock of Labrador Iron Ore Royalty is held by insiders.
Percentage Held by Institutions
Only 23.77% of the stock of Labrador Iron Ore Royalty is held by institutions.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Labrador Iron Ore Royalty is 7.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.81.
Price to Earnings Ratio vs. Sector
The P/E ratio of Labrador Iron Ore Royalty is 7.52, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 82.40.
Price to Earnings Growth Ratio
Labrador Iron Ore Royalty has a PEG Ratio of 0.94. 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 3.12. 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

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

March 28, 2023 | americanbankingnews.com

Labrador Iron Ore Royalty Co. (TSE:LIF) Declares Quarterly Dividend of $0.50

March 8, 2023 | ca.finance.yahoo.com

LABRADOR IRON ORE ROYALTY CORPORATION - CASH DIVIDEND FOR THE FIRST QUARTER OF 2023 - $0.50 PER COMMON SHARE

March 29, 2023 | Press Research (Ad)

Nevada Could be the Source for America's Green Future

Industry shift towards lithium driven by green energy goals

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)

March 29, 2023 | Press Research (Ad)

Nevada Could be the Source for America's Green Future

Industry shift towards lithium driven by green energy goals

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

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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LIF Company Calendar

Ex-Dividend for 1/26 Dividend: 12/29/2022
Dividend Payable: 1/26/2023
Today: 3/29/2023
Ex-Dividend for 4/26 Dividend: 3/30/2023
Dividend Payable: 4/26/2023
Next Earnings (Estimated): 5/04/2023

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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$33.70
High Stock Price Forecast: C$36.00
Low Stock Price Forecast: C$27.50
Forecasted Upside/Downside: +8.5%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$4.13
Trailing P/E Ratio: 7.52
Forward P/E Ratio: 8.81
P/E Growth: 0.94
Net Income: C$265.45 million
Net Margins: 114.26%
Pretax Margin: N/A
Return on Equity: 44.19%
Return on Assets: 13.67%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.53
Quick Ratio: 1.42

Sales & Book Value

Annual Sales: C$232.32 million
Price / Sales: 8.56
Cash Flow: C$0.61 per share
Price / Cash Flow: 50.97
Book Value: C$9.96 per share
Price / Book: 3.12

Miscellaneous

Outstanding Shares: 64,000,000
Free Float: N/A
Market Cap: C$1.99 billion
Optionable: Not Optionable
Beta: 1.31

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?: 4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Labrador Iron Ore Royalty in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street 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?: 4 Wall Street analysts have issued 1 year price targets for Labrador Iron Ore Royalty's shares. Their LIF share price forecasts range from C$27.50 to C$36.00. On average, they expect the company's stock price to reach C$33.70 in the next year. This suggests a possible upside of 8.5% 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 2023?: Labrador Iron Ore Royalty's stock was trading at C$33.58 at the beginning of the year. Since then, LIF stock has decreased by 7.5% and is now trading at C$31.06.
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 Thursday, May 4th 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 Tuesday, March 7th. Shareholders of record on Friday, March 31st will be paid a dividend of 0.50 per share on Wednesday, April 26th. This represents a $2.00 annualized dividend and a yield of 6.44%. The ex-dividend date is Thursday, March 30th.
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$3.10 per share and currently has a dividend yield of 9.91%. LIF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 75.06%. 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$31.06.
How much money does Labrador Iron Ore Royalty make?: Labrador Iron Ore Royalty (TSE:LIF) has a market capitalization of C$1.99 billion and generates C$232.32 million in revenue each year. The company earns C$265.45 million in net income (profit) each year or C$4.13 on an earnings per share basis.
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 3/29/2023 by MarketBeat.com Staff

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

Labrador Iron Ore Royalty MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Labrador Iron Ore Royalty (TSE:LIF) Stock

LIF Stock News Headlines

LIF Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

LIF Stock - Frequently Asked Questions

Overall MarketRank^™