Labrador Iron Ore Royalty (TSE:LIF) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Labrador Iron Ore Royalty Co. (TSE:LIF) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$28.09 and traded as high as C$29.13. Labrador Iron Ore Royalty shares last traded at C$29.01, with a volume of 109,306 shares changing hands.

Labrador Iron Ore Royalty Price Performance

The firm has a 50-day moving average of C$28.28 and a 200 day moving average of C$28.09. The stock has a market capitalization of C$1.86 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 0.94 and a beta of 0.66.

Labrador Iron Ore Royalty (TSE:LIF) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.47 earnings per share (EPS) for the quarter. Labrador Iron Ore Royalty had a return on equity of 29.05% and a net margin of 94.67%.The company had revenue of C$43.85 million for the quarter. On average, equities analysts forecast that Labrador Iron Ore Royalty Co. will post 3.7420091 earnings per share for the current year.

Labrador Iron Ore Royalty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 29th. Stockholders of record on Monday, September 29th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.5%. Labrador Iron Ore Royalty’s dividend payout ratio (DPR) is presently 114.04%.

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.