FY2027 Earnings Forecast for TSE:LIF Issued By Scotiabank

Labrador Iron Ore Royalty Co. (TSE:LIF) – Research analysts at Scotiabank cut their FY2027 earnings per share (EPS) estimates for Labrador Iron Ore Royalty in a report released on Wednesday, August 19th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of $1.51 per share for the year, down from their prior estimate of $1.77. The consensus estimate for Labrador Iron Ore Royalty’s current full-year earnings is $3.74 per share.

Labrador Iron Ore Royalty (TSE:LIF) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$0.17 EPS for the quarter. The business had revenue of C$33.97 million for the quarter. Labrador Iron Ore Royalty had a net margin of 50.38% and a return on equity of 12.04%.

Labrador Iron Ore Royalty Price Performance

Shares of TSE LIF opened at C$26.59 on Friday. The firm’s 50-day moving average is C$27.20 and its two-hundred day moving average is C$28.41. The company has a market capitalization of C$1.70 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 0.94 and a beta of 0.33. Labrador Iron Ore Royalty has a 12-month low of C$25.26 and a 12-month high of C$31.97.

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. 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.