Scotiabank Issues Pessimistic Outlook for TSE:LIF Earnings

Labrador Iron Ore Royalty Co. (TSE:LIF) – Research analysts at Scotiabank reduced their FY2024 earnings per share (EPS) estimates for Labrador Iron Ore Royalty in a report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $3.02 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

Shares of Labrador Iron Ore Royalty stock opened at C$29.50 on Thursday. Labrador Iron Ore Royalty has a 1 year low of C$28.48 and a 1 year high of C$33.97. The company has a 50-day moving average of C$29.62 and a 200 day moving average of C$30.27. The firm has a market cap of C$1.89 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 0.94 and a beta of 1.10.

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.