Labrador Iron Ore Royalty Co. (TSE:LIF - Free Report) - Stock analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for Labrador Iron Ore Royalty in a report issued on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $2.61 per share for the year, down from their prior estimate of $2.73. The consensus estimate for Labrador Iron Ore Royalty's current full-year earnings is $3.74 per share.
Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada lowered their target price on shares of Labrador Iron Ore Royalty from C$38.00 to C$36.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 13th. TD Securities lowered shares of Labrador Iron Ore Royalty from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 13th.
Get Our Latest Stock Analysis on Labrador Iron Ore Royalty
Labrador Iron Ore Royalty Price Performance
Shares of LIF traded down C$0.18 during trading hours on Monday, reaching C$30.18. 260,769 shares of the company's stock traded hands, compared to its average volume of 262,234. The firm has a market capitalization of C$1.94 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 0.94 and a beta of 1.10. The business's fifty day simple moving average is C$30.39 and its two-hundred day simple moving average is C$30.41. Labrador Iron Ore Royalty has a twelve month low of C$28.40 and a twelve month high of C$33.97.
About Labrador Iron Ore Royalty
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Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC.
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