Scotiabank Brokers Decrease Earnings Estimates for TSE:LIF

Labrador Iron Ore Royalty Co. (TSE:LIF) – Equities research analysts at Scotiabank reduced their FY2024 earnings per share (EPS) estimates for shares of Labrador Iron Ore Royalty in a report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of $3.02 per share for the year, down from their previous estimate of $3.14. The consensus estimate for Labrador Iron Ore Royalty’s current full-year earnings is $3.74 per share. Scotiabank also issued estimates for Labrador Iron Ore Royalty’s FY2026 earnings at $2.73 EPS.

Labrador Iron Ore Royalty Trading Up 1.2 %

Shares of Labrador Iron Ore Royalty stock opened at C$29.84 on Thursday. The firm has a fifty day simple moving average of C$29.61 and a 200-day simple moving average of C$30.27. The stock has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.94 and a beta of 1.10. Labrador Iron Ore Royalty has a 1-year low of C$28.48 and a 1-year high of C$33.97.

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.