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TSE:LIF

Labrador Iron Ore Royalty (LIF) Stock Price, News & Analysis

Labrador Iron Ore Royalty logo
C$29.77 +0.16 (+0.54%)
(As of 12/24/2024 01:21 PM ET)

About Labrador Iron Ore Royalty Stock (TSE:LIF)

Key Stats

Today's Range
C$29.54
C$29.85
50-Day Range
C$28.83
C$32.25
52-Week Range
C$28.48
C$33.97
Volume
117,271 shs
Average Volume
205,095 shs
Market Capitalization
C$1.91 billion
P/E Ratio
8.97
Dividend Yield
9.07%
Price Target
C$33.00
Consensus Rating
Moderate Buy

Company Overview

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. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore. IOC is a Canadian producer of iron ore pellets and concentrate, serving customers worldwide.

Labrador Iron Ore Royalty Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
45th Percentile Overall Score

LIF MarketRank™: 

Labrador Iron Ore Royalty scored higher than 45% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Labrador Iron Ore Royalty has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Labrador Iron Ore Royalty has only been the subject of 1 research reports in the past 90 days.

  • Read more about Labrador Iron Ore Royalty's stock forecast and price target.
  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Labrador Iron Ore Royalty is 8.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.24.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Labrador Iron Ore Royalty is 8.97, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 110.11.

  • 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 2.84. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Short Interest

    There is no current short interest data available for LIF.
  • Dividend Leadership

    Labrador Iron Ore Royalty is a leading dividend payer. It pays a dividend yield of 8.33%, 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 81.33%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Read more about Labrador Iron Ore Royalty's dividend.
  • Short Interest

    There is no current short interest data available for LIF.
  • News Sentiment

    Labrador Iron Ore Royalty has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Labrador Iron Ore Royalty this week, compared to 1 article 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

    Only 2 people have added Labrador Iron Ore Royalty to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • 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 0.08% of the stock of Labrador Iron Ore Royalty is held by insiders.

  • Percentage Held by Institutions

    Only 21.62% of the stock of Labrador Iron Ore Royalty is held by institutions.

  • Read more about Labrador Iron Ore Royalty's insider trading history.
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LIF Stock News Headlines

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LIF Stock Analysis - Frequently Asked Questions

Labrador Iron Ore Royalty's stock was trading at C$31.90 at the beginning of 2024. Since then, LIF stock has decreased by 6.7% and is now trading at C$29.77.
View the best growth stocks for 2024 here
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Labrador Iron Ore Royalty investors own include TELUS (T), Enbridge (ENB), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), BCE (BCE), Barrick Gold (ABX) and Suncor Energy (SU).

Company Calendar

Ex-Dividend for 10/28 Dividend
9/27/2024
Dividend Payable
10/28/2024
Today
12/25/2024

Industry, Sector and Symbol

Industry
Steel
Sub-Industry
Business Services
CIK
N/A
Fax
N/A
Employees
600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$33.00
High Stock Price Target
C$35.00
Low Stock Price Target
C$31.00
Potential Upside/Downside
+10.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
C$210.38 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$211 million
Cash Flow
C$0.58 per share
Book Value
C$10.48 per share

Miscellaneous

Free Float
N/A
Market Cap
C$1.91 billion
Optionable
Not Optionable
Beta
1.10
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This page (TSE:LIF) was last updated on 12/25/2024 by MarketBeat.com Staff
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