Labrador Iron Ore Royalty (TSE:LIF) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Labrador Iron Ore Royalty Co. (TSE:LIF)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$28.08 and traded as high as C$29.27. Labrador Iron Ore Royalty shares last traded at C$29.00, with a volume of 134,228 shares changing hands.

Labrador Iron Ore Royalty Price Performance

The firm has a market cap of C$1.86 billion, a PE ratio of 16.96, a PEG ratio of 0.94 and a beta of 0.66. The business has a 50-day moving average price of C$28.43 and a two-hundred day moving average price of C$28.08.

Labrador Iron Ore Royalty (TSE:LIF) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.47 EPS for the quarter. The firm had revenue of C$43.85 million for the quarter. Labrador Iron Ore Royalty had a net margin of 94.67% and a return on equity of 29.05%. Equities analysts expect that Labrador Iron Ore Royalty Co. will post 3.7420091 earnings per share for the current fiscal year.

Labrador Iron Ore Royalty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Monday, September 29th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 5.5%. Labrador Iron Ore Royalty’s dividend payout ratio is currently 114.04%.

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.