Scotiabank Has Bullish Forecast for TSE:LIF FY2025 Earnings

Labrador Iron Ore Royalty Co. (TSE:LIFFree Report) – Scotiabank increased their FY2025 earnings per share estimates for Labrador Iron Ore Royalty in a research note issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of $2.93 for the year, up from their prior forecast of $2.44. The consensus estimate for Labrador Iron Ore Royalty’s current full-year earnings is $3.74 per share.

Labrador Iron Ore Royalty Trading Up 1.2 %

TSE:LIF opened at C$29.84 on Friday. Labrador Iron Ore Royalty has a 12 month low of C$28.48 and a 12 month high of C$33.97. The company has a 50-day moving average price of C$29.61 and a 200-day moving average price of C$30.27. The stock has a market cap 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.

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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