Equities Analysts Offer Predictions for Labrador Iron Ore Royalty Co.’s Q2 2019 Earnings (TSE:LIF)

Equities Analysts Offer Predictions for Labrador Iron Ore Royalty Co.’s Q2 2019 Earnings (TSE:LIF)

Labrador Iron Ore Royalty Co. (TSE:LIF) – Raymond James issued their Q2 2019 earnings per share (EPS) estimates for Labrador Iron Ore Royalty in a report issued on Thursday, June 6th, Zacks Investment Research reports. Raymond James analyst B. Macarthur expects that the company will post earnings per share of $1.03 for the quarter. Raymond James has a “Outperform” rating and a $35.00 price target on the stock. Raymond James also issued estimates for Labrador Iron Ore Royalty’s Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at $0.79 EPS, FY2019 earnings at $3.29 EPS, Q1 2020 earnings at $0.75 EPS, Q2 2020 earnings at $0.74 EPS, Q3 2020 earnings at $0.70 EPS, Q4 2020 earnings at $0.70 EPS, FY2020 earnings at $2.90 EPS and FY2021 earnings at $2.88 EPS.

Separately, BMO Capital Markets increased their target price on shares of Labrador Iron Ore Royalty from C$30.00 to C$34.00 in a report on Friday, March 8th.

LIF traded down C$0.19 during mid-day trading on Friday, hitting C$33.83. The stock had a trading volume of 315,600 shares, compared to its average volume of 225,151. The firm has a market cap of $2.17 billion and a PE ratio of 15.74. Labrador Iron Ore Royalty has a 1-year low of C$22.25 and a 1-year high of C$34.72.
Labrador Iron Ore Royalty (TSE:LIF) last posted its earnings results on Monday, May 13th. The company reported C$0.61 earnings per share for the quarter. The firm had revenue of C$39.21 million during the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Sunday, June 30th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, June 27th. Labrador Iron Ore Royalty’s dividend payout ratio (DPR) is currently 46.53%.

Labrador Iron Ore Royalty Company Profile

Labrador Iron Ore Royalty Corporation, together with its subsidiary, Hollinger-Hanna Limited, owns a 15.10% equity interest in Iron Ore Company of Canada (IOC) that operates an iron mine near Labrador City, Newfoundland and Labrador. IOC engages in the production and sale of iron ore pellets and concentrates in North America, Europe, the Middle East, and the Asia-Pacific region.

error: Content is protected !!