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LIF.TO Labrador Iron Ore Royalty Corporation
TO CAD Basic Materials
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Market facts
- Market cap
- 2B
- P/E ratio
- 21.48
- Analyst target
- 30.3
- Dividend yield
- 5.2%
- Beta
- 0.82
Profile
Company facts
- Exchange
- TO
- Currency
- CAD
- Sector
- Basic Materials
- Industry
- Steel
- ISIN
- CA5054401073
- Market cap
- 2B
- P/E ratio
- 21.48
- Analyst target
- 30.3
- Dividend yield
- 5.2%
- Beta
- 0.82
About
About Labrador Iron Ore Royalty Corporation
Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada that produces and processes iron ores in Canada. The company offers standard and low silica acid, low silica fluxed, and direct reduction pellets; iron ore concentrates; and seaborne iron ore pellets. It also operates an iron mine, concentrator, and pellet plant at Labrador City, Newfoundland, and Labrador. The company was formerly known as Labrador Iron Ore Royalty Income Fund. Labrador Iron Ore Royalty Corporation was incorporated in 2010 and is based in Toronto, Canada.
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Investor discussion
1 comment
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5 years, 5 months ago
Labrador Iron Ore Royalty Corporation is currently in a long term uptrend where the price is trading 34.6% above its 200 day moving average.
From a valuation standpoint, the stock is 97.6% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 11.8.
Labrador Iron Ore Royalty Corporation's total revenue rose by 38.3% to $54M since the same quarter in the previous year.
Its net income has increased by 56.0% to $74M since the same quarter in the previous year.
Finally, its free cash flow grew by 46.7% to $116M since the same quarter in the previous year.
Based on the above factors, Labrador Iron Ore Royalty Corporation gets an overall score of 5/5.