Scotiabank Has Positive Estimate for TSE:LIF FY2025 Earnings

Labrador Iron Ore Royalty Co. (TSE:LIF) – Equities research analysts at Scotiabank increased their FY2025 EPS estimates for shares of Labrador Iron Ore Royalty in a report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $2.93 per share for the year, up from their prior forecast of $2.44. The consensus estimate for Labrador Iron Ore Royalty’s current full-year earnings is $3.74 per share.

Labrador Iron Ore Royalty Trading Up 1.2 %

Shares of Labrador Iron Ore Royalty stock opened at C$29.84 on Friday. The firm has a market capitalization of C$1.91 billion, a PE ratio of 8.99, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. Labrador Iron Ore Royalty has a 12 month low of C$28.48 and a 12 month high of C$33.97. The business’s 50-day moving average price is C$29.61 and its 200-day moving average price is C$30.27.

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.