Labrador Iron Ore Royalty Co. (TSE:LIF - Free Report) - Analysts at Scotiabank lowered their FY2024 earnings estimates for shares of Labrador Iron Ore Royalty in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $3.02 per share for the year, down from their previous forecast of $3.14. The consensus estimate for Labrador Iron Ore Royalty's current full-year earnings is $3.74 per share. Scotiabank also issued estimates for Labrador Iron Ore Royalty's FY2026 earnings at $2.73 EPS.
Labrador Iron Ore Royalty Price Performance
TSE LIF traded up C$0.34 during trading hours on Thursday, reaching C$29.84. The company's stock had a trading volume of 138,418 shares, compared to its average volume of 251,171. The firm has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 0.94 and a beta of 1.10. The company's 50-day moving average is C$29.62 and its two-hundred day moving average is C$30.27. Labrador Iron Ore Royalty has a 1-year low of C$28.48 and a 1-year 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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