Labrador Iron Ore Royalty (TSE:LIF) Hits New 1-Year Low – What’s Next?

Labrador Iron Ore Royalty Co. (TSE:LIF)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$26.10 and last traded at C$26.20, with a volume of 35996 shares. The stock had previously closed at C$26.55.

Labrador Iron Ore Royalty Stock Down 2.3%

The stock’s 50-day moving average price is C$28.06 and its 200 day moving average price is C$29.16. The firm has a market capitalization of C$1.66 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 0.94 and a beta of 0.33.

Labrador Iron Ore Royalty (TSE:LIF) last posted its quarterly earnings results on Monday, May 4th. The company reported C$0.21 earnings per share for the quarter. Labrador Iron Ore Royalty had a net margin of 55.72% and a return on equity of 14.38%. The firm had revenue of C$35.75 million for the quarter. On average, sell-side analysts anticipate that Labrador Iron Ore Royalty Co. will post 3.7420091 earnings per share for the current year.

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.