Labrador Iron Ore Royalty Co. (TSE:LIF – Free Report) – Analysts at Scotiabank lowered their FY2024 earnings per share (EPS) estimates for Labrador Iron Ore Royalty in a note issued to investors on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now expects that the company will earn $3.02 per share for the year, down from their previous estimate of $3.14. The consensus estimate for Labrador Iron Ore Royalty’s current full-year earnings is $3.74 per share. Scotiabank also issued estimates for Labrador Iron Ore Royalty’s FY2026 earnings at $2.73 EPS.
Labrador Iron Ore Royalty Price Performance
TSE:LIF opened at C$29.84 on Thursday. Labrador Iron Ore Royalty has a one year low of C$28.48 and a one year high of C$33.97. The company has a fifty 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 P/E ratio of 8.99, a PEG ratio of 0.94 and a beta of 1.10.
About Labrador Iron Ore Royalty
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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