Labrador Iron Ore Royalty (LIF) to Release Earnings on Tuesday

Labrador Iron Ore Royalty (TSE:LIF) will be announcing its earnings results after the market closes on Tuesday, November 5th.

Labrador Iron Ore Royalty (TSE:LIF) last announced its earnings results on Tuesday, August 6th. The company reported C$0.78 earnings per share (EPS) for the quarter. Labrador Iron Ore Royalty had a net margin of 99.70% and a return on equity of 31.89%. The company had revenue of C$53.13 million during the quarter.

Labrador Iron Ore Royalty Stock Performance

Shares of TSE:LIF opened at C$30.64 on Monday. Labrador Iron Ore Royalty has a 52-week low of C$28.48 and a 52-week high of C$33.97. The firm has a fifty day moving average of C$31.15 and a 200 day moving average of C$30.37. The firm has a market capitalization of C$1.96 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10.

Labrador Iron Ore Royalty Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Friday, September 27th were given a $0.70 dividend. The ex-dividend date was Friday, September 27th. This represents a $2.80 annualized dividend and a yield of 9.14%. Labrador Iron Ore Royalty’s dividend payout ratio (DPR) is presently 81.33%.

Wall Street Analyst Weigh In

Separately, Scotiabank upped their target price on shares of Labrador Iron Ore Royalty from C$31.00 to C$32.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 8th.

About Labrador Iron Ore Royalty

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.