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

Company Overview

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. 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. The company is based in Toronto, Canada.

Key Stats

• Today's Range: C$29.22 to C$29.52
• 50-Day Range: C$28.90 to C$33.42
• 52-Week Range: C$28.48 to C$33.97
• Volume: 167,216 shs
• Average Volume: 203,515 shs
• Market Capitalization: C$1.89 billion
• P/E Ratio: 8.89
• Dividend Yield: 9.15%
• Price Target: C$33.00
• Consensus Rating: Moderate Buy

Labrador Iron Ore Royalty Stock Analysis - MarketRank™

Labrador Iron Ore Royalty scored higher than 47% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

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.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Labrador Iron Ore Royalty is 8.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.55.

Price to Earnings Ratio vs. Sector

The P/E ratio of Labrador Iron Ore Royalty is 8.89, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 113.41.

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

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for LIF.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for LIF.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: N/A

News Sentiment

Labrador Iron Ore Royalty has a news sentiment score of 0.40. 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 lower news sentiment than the 0.55 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 0 articles on an average week.

Search Interest

9 people have searched for LIF on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Labrador Iron Ore Royalty to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

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.

LIF Stock Analysis - Frequently Asked Questions

How have LIF shares performed this year?

Labrador Iron Ore Royalty's stock was trading at C$31.90 at the beginning of 2024. Since then, LIF stock has decreased by 7.5% and is now trading at C$29.50.
View the best growth stocks for 2024 here.

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 other stocks do shareholders of Labrador Iron Ore Royalty own?

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: 11/22/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Basic Materials
• Industry: Steel
• Sub-Industry: Business Services
• Current Symbol: TSE:LIF
• CUSIP: N/A
• CIK: N/A
• Web: www.labradorironore.com
• Phone: 416-863-7133
• 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: +11.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$3.32
• Trailing P/E Ratio: 8.89
• Forward P/E Ratio: 7.88
• P/E Growth: 0.94
• Net Income: C$210.38 million
• Net Margins: 99.70%
• Pretax Margin: N/A
• Return on Equity: 31.89%
• Return on Assets: 11.52%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.35
• Quick Ratio: 1.42

Sales & Book Value

• Annual Sales: C$211 million
• Price / Sales: 8.95
• Cash Flow: C$0.58 per share
• Price / Cash Flow: 50.97
• Book Value: C$10.48 per share
• Price / Book: 2.81

Miscellaneous

• Outstanding Shares: 64,000,000
• Free Float: N/A
• Market Cap: C$1.89 billion
• Optionable: Not Optionable
• Beta: 1.10