Scotiabank Has Negative Forecast for TSE:LIF FY2027 Earnings

Labrador Iron Ore Royalty Co. (TSE:LIF) – Equities research analysts at Scotiabank decreased their FY2027 earnings estimates for shares of Labrador Iron Ore Royalty in a research note issued on Friday, January 30th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $1.83 per share for the year, down from their previous estimate of $1.88. The consensus estimate for Labrador Iron Ore Royalty’s current full-year earnings is $3.74 per share.

Labrador Iron Ore Royalty Price Performance

TSE LIF opened at C$29.29 on Monday. The company has a market cap of C$1.87 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 0.94 and a beta of 0.56. The stock’s fifty day moving average price is C$30.40 and its 200 day moving average price is C$28.76. Labrador Iron Ore Royalty has a 1 year low of C$25.85 and a 1 year high of C$31.97.

Labrador Iron Ore Royalty (TSE:LIF) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.47 earnings per share (EPS) for the quarter. Labrador Iron Ore Royalty had a net margin of 94.67% and a return on equity of 29.05%. The business had revenue of C$43.85 million during the quarter.

Insiders Place Their Bets

In other news, insider Stephen Douglas Pearce acquired 2,000 shares of the business’s stock in a transaction dated Thursday, November 27th. The shares were acquired at an average cost of C$29.71 per share, with a total value of C$59,420.00. Following the completion of the acquisition, the insider owned 2,000 shares of the company’s stock, valued at approximately C$59,420. This trade represents a ∞ increase in their ownership of the stock. Insiders own 0.08% of the company’s stock.

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.