Labrador Iron Ore Royalty Co. (TSE:LIF) – Equities research analysts at Raymond James lowered their Q4 2021 earnings per share estimates for Labrador Iron Ore Royalty in a research note issued to investors on Monday, April 5th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.88 per share for the quarter, down from their prior estimate of $0.92. Raymond James currently has a “Market Perform” rating and a $37.00 target price on the stock.
Labrador Iron Ore Royalty (TSE:LIF) last announced its quarterly earnings data on Thursday, March 4th. The company reported C$1.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.15 by C$0.01. The business had revenue of C$54.40 million during the quarter.
LIF has been the topic of several other research reports. Royal Bank of Canada upped their price objective on Labrador Iron Ore Royalty from C$40.00 to C$42.00 and gave the company an “outperform” rating in a research report on Monday, March 22nd. TD Securities upped their price objective on Labrador Iron Ore Royalty from C$40.00 to C$41.00 in a research report on Monday, March 8th. BMO Capital Markets increased their price target on Labrador Iron Ore Royalty from C$32.00 to C$33.00 in a research report on Tuesday, February 23rd. Scotiabank increased their price target on Labrador Iron Ore Royalty from C$40.00 to C$41.00 in a research report on Friday, March 5th. Finally, Eight Capital increased their price target on Labrador Iron Ore Royalty to C$40.00 and gave the stock an “outperform” rating in a research report on Friday, January 22nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$37.57.
Shares of Labrador Iron Ore Royalty stock opened at C$36.01 on Thursday. The stock’s fifty day moving average is C$37.74 and its two-hundred day moving average is C$31.41. The company has a market capitalization of C$2.30 billion and a PE ratio of 10.14. Labrador Iron Ore Royalty has a 52 week low of C$17.02 and a 52 week high of C$40.76.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 26th. Investors of record on Wednesday, March 31st will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 11.11%. The ex-dividend date is Tuesday, March 30th. Labrador Iron Ore Royalty’s dividend payout ratio (DPR) is currently 71.83%.
Labrador Iron Ore Royalty Company Profile
Labrador Iron Ore Royalty Corporation, together with its subsidiary, Hollinger-Hanna Limited, owns a 15.10% equity interest in Iron Ore Company of Canada (IOC) that operates an iron mine at Labrador City, Newfoundland and Labrador. IOC produces seaborne iron ore pellets; and produces and processes iron ore concentrate and pellets.
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