Labrador Iron Ore Royalty Co. (TSE:LIF – Free Report) – Investment analysts at Scotiabank dropped their FY2026 earnings per share estimates for Labrador Iron Ore Royalty in a research report issued to clients and investors on Tuesday, July 7th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn $1.56 per share for the year, down from their prior forecast of $1.57. The consensus estimate for Labrador Iron Ore Royalty’s current full-year earnings is $3.74 per share.
Separately, TD Securities lowered their price target on Labrador Iron Ore Royalty from C$30.00 to C$29.00 and set a “hold” rating for the company in a research report on Friday, March 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$29.50.
Labrador Iron Ore Royalty Stock Performance
TSE LIF opened at C$27.12 on Thursday. The company has a market cap of C$1.74 billion, a P/E ratio of 18.70, a P/E/G ratio of 0.94 and a beta of 0.33. The business’s 50 day moving average price is C$28.16 and its 200-day moving average price is C$29.28. Labrador Iron Ore Royalty has a fifty-two week low of C$26.21 and a fifty-two week high of C$31.97.
Labrador Iron Ore Royalty (TSE:LIF – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported C$0.21 earnings per share (EPS) for the quarter. The business had revenue of C$35.75 million during the quarter. Labrador Iron Ore Royalty had a return on equity of 14.38% and a net margin of 55.72%.
Labrador Iron Ore Royalty Company Profile
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. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC’s sales of iron ore.
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