Labrador Iron Ore Royalty (TSE:LIF) Hits New 1-Year Low – Here’s What Happened

Labrador Iron Ore Royalty Co. (TSE:LIF) shares reached a new 52-week low on Thursday . The company traded as low as C$26.10 and last traded at C$26.20, with a volume of 35996 shares changing hands. The stock had previously closed at C$26.55.

Labrador Iron Ore Royalty Stock Down 2.3%

The firm has a market capitalization of C$1.66 billion, a PE ratio of 17.90, a PEG ratio of 0.94 and a beta of 0.33. The stock has a 50-day moving average price of C$28.06 and a 200 day moving average price of C$29.16.

Labrador Iron Ore Royalty (TSE:LIF) last released its earnings results on Monday, May 4th. The company reported C$0.21 EPS for the quarter. The business had revenue of C$35.75 million during the quarter. Labrador Iron Ore Royalty had a net margin of 55.72% and a return on equity of 14.38%. As a group, equities analysts predict that Labrador Iron Ore Royalty Co. will post 3.7420091 earnings per share for the current fiscal year.

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. 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.