Labrador Iron Ore Royalty (TSE:LIF – Get Free Report) will be announcing its earnings results after the market closes on Tuesday, November 5th.
Labrador Iron Ore Royalty (TSE:LIF – Get Free Report) 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
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.
Read Our Latest Stock Analysis on Labrador Iron Ore Royalty
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.
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