Labrador Iron Ore Royalty Co. (TSE:LIF – Get Rating) – Equities researchers at Raymond James lifted their Q2 2022 earnings estimates for Labrador Iron Ore Royalty in a note issued to investors on Thursday, April 28th. Raymond James analyst B. Macarthur now anticipates that the company will earn $1.61 per share for the quarter, up from their previous estimate of $1.15. Raymond James currently has a “Market Perform” rating and a $42.00 target price on the stock. Raymond James also issued estimates for Labrador Iron Ore Royalty’s Q3 2022 earnings at $1.10 EPS and FY2022 earnings at $4.84 EPS.
LIF has been the topic of several other research reports. TD Securities raised their price target on Labrador Iron Ore Royalty from C$40.00 to C$45.00 and gave the stock a “hold” rating in a report on Friday, March 25th. BMO Capital Markets lowered their price objective on shares of Labrador Iron Ore Royalty from C$38.00 to C$36.00 in a research report on Wednesday, January 19th. Eight Capital downgraded Labrador Iron Ore Royalty from a “buy” rating to a “neutral” rating in a research report on Thursday, April 21st. Finally, Scotiabank dropped their target price on Labrador Iron Ore Royalty from C$50.00 to C$48.00 in a research report on Wednesday, April 13th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Labrador Iron Ore Royalty has a consensus rating of “Hold” and a consensus target price of C$42.00.
Labrador Iron Ore Royalty (TSE:LIF – Get Rating) last announced its quarterly earnings data on Friday, March 11th. The company reported C$1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.78 by C$0.44. The firm had revenue of C$60.10 million for the quarter.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 26th. Shareholders of record on Thursday, March 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $2.00 annualized dividend and a yield of 5.75%. Labrador Iron Ore Royalty’s dividend payout ratio is 101.11%.
Labrador Iron Ore Royalty Company Profile (Get Rating)
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. The company's primary products include standard and low silica acid, flux, direct reduction pellets, and iron ore concentrate, as well as seaborne iron ore pellets.
- Why is Chevron Stock Falling After Strong Earnings?
- MarketBeat: Week in Review 4/25 – 4/29
- Apple’s Numbers Complete Trifecta
- Rogers Communication Stock Should Be Launching Higher
- Iridium Communications Stock is Ready to Return to Orbit
Receive News & Ratings for Labrador Iron Ore Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Labrador Iron Ore Royalty and related companies with MarketBeat.com's FREE daily email newsletter.