Labrador Iron Ore Royalty (TSE:LIF) Releases Quarterly Earnings Results

Labrador Iron Ore Royalty (TSE:LIF) issued its earnings results on Wednesday. The company reported C$0.17 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$33.97 million during the quarter. Labrador Iron Ore Royalty had a net margin of 55.72% and a return on equity of 14.38%.

Labrador Iron Ore Royalty Stock Performance

TSE LIF traded up C$0.32 during trading hours on Wednesday, hitting C$27.32. The company had a trading volume of 255,819 shares, compared to its average volume of 224,455. Labrador Iron Ore Royalty has a 1-year low of C$25.26 and a 1-year high of C$31.97. The company has a market cap of C$1.75 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 0.94 and a beta of 0.33. The business has a 50 day moving average of C$27.49 and a 200-day moving average of C$28.70.

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.