Labrador Iron Ore Royalty (TSE:LIF - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 5th.
Labrador Iron Ore Royalty (TSE:LIF - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$0.78 EPS for the quarter. Labrador Iron Ore Royalty had a return on equity of 31.89% and a net margin of 99.70%. The firm had revenue of C$53.13 million during the quarter.
Labrador Iron Ore Royalty Stock Up 0.5 %
Shares of LIF traded up C$0.15 during trading hours on Tuesday, reaching C$31.44. 145,885 shares of the company traded hands, compared to its average volume of 202,093. The stock has a market capitalization of C$2.01 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.94 and a beta of 1.10. The business has a fifty day moving average price of C$31.05 and a 200-day moving average price of C$30.35. Labrador Iron Ore Royalty has a 12-month low of C$28.48 and a 12-month high of C$33.97.
Labrador Iron Ore Royalty Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Friday, September 27th were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 8.91%. Labrador Iron Ore Royalty's payout ratio is 81.33%.
Wall Street Analyst Weigh In
Separately, Scotiabank raised their target price on Labrador Iron Ore Royalty from C$31.00 to C$32.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 8th.
Read Our Latest Report on Labrador Iron Ore Royalty
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.
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