Labrador Iron Ore Royalty (TSE:LIF – Free Report) had its target price trimmed by Scotiabank from C$33.00 to C$32.00 in a report issued on Wednesday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.
Labrador Iron Ore Royalty Stock Down 0.3 %
LIF traded down C$0.09 during midday trading on Wednesday, hitting C$29.71. 107,916 shares of the company were exchanged, compared to its average volume of 181,016. The firm has a market capitalization of C$1.90 billion, a P/E ratio of 9.40, a P/E/G ratio of 0.94 and a beta of 1.10. The firm’s 50 day moving average price is C$29.85 and its 200-day moving average price is C$30.16. Labrador Iron Ore Royalty has a 1-year low of C$28.48 and a 1-year high of C$34.18.
Labrador Iron Ore Royalty (TSE:LIF – Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C$0.93 EPS for the quarter. Labrador Iron Ore Royalty had a return on equity of 30.18% and a net margin of 96.37%. The company had revenue of C$56.66 million for the quarter. On average, sell-side analysts predict that Labrador Iron Ore Royalty will post 3.375 earnings per share for the current fiscal year.
Labrador Iron Ore Royalty Increases Dividend
Labrador Iron Ore Royalty Company Profile
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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