Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$30.38 and traded as high as C$30.83. Labrador Iron Ore Royalty shares last traded at C$30.74, with a volume of 106,449 shares.
Analyst Ratings Changes
Separately, Scotiabank decreased their price target on Labrador Iron Ore Royalty from C$32.00 to C$31.00 in a research note on Wednesday.
View Our Latest Stock Analysis on LIF
Labrador Iron Ore Royalty Stock Performance
The company has a market cap of C$1.90 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 0.94 and a beta of 1.10. The company has a fifty day moving average of C$31.17 and a two-hundred day moving average of C$30.37.
Labrador Iron Ore Royalty (TSE:LIF - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$0.78 earnings per share (EPS) for the quarter. Labrador Iron Ore Royalty had a return on equity of 31.89% and a net margin of 99.70%. The company had revenue of C$53.13 million during the quarter. Equities analysts expect that Labrador Iron Ore Royalty Co. will post 3.7420091 EPS for the current fiscal year.
Labrador Iron Ore Royalty Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Friday, September 27th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 9.44%. The ex-dividend date of this dividend was Friday, September 27th. Labrador Iron Ore Royalty's dividend payout ratio is currently 81.33%.
About Labrador Iron Ore Royalty
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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. Its primary products include standard and low silica acid, flux, and direct reduction pellets; iron ore concentrate; and seaborne iron ore pellets.
Further Reading
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