Scotiabank Has Negative Estimate for TSE:LIF FY2026 Earnings

Labrador Iron Ore Royalty Co. (TSE:LIF) – Analysts at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for shares of Labrador Iron Ore Royalty in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of $2.61 per share for the year, down from their prior forecast of $2.73. The consensus estimate for Labrador Iron Ore Royalty’s current full-year earnings is $3.74 per share.

LIF has been the subject of a number of other research reports. Royal Bank of Canada decreased their target price on shares of Labrador Iron Ore Royalty from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a research report on Thursday, March 13th. TD Securities cut Labrador Iron Ore Royalty from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 13th.

Labrador Iron Ore Royalty Trading Up 1.2 %

Shares of TSE LIF opened at C$30.75 on Monday. Labrador Iron Ore Royalty has a 12-month low of C$28.40 and a 12-month high of C$33.97. The stock has a 50 day simple moving average of C$30.38 and a 200-day simple moving average of C$30.39. The company has a market cap of C$1.98 billion, a PE ratio of 10.07, a P/E/G 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.