What is Scotiabank’s Estimate for TSE:LIF FY2027 Earnings?

Labrador Iron Ore Royalty Co. (TSE:LIF) – Equities research analysts at Scotiabank cut their FY2027 earnings estimates for Labrador Iron Ore Royalty in a research report issued to clients and investors on Friday, January 30th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $1.83 per share for the year, down from their previous forecast 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$29.91 on Monday. Labrador Iron Ore Royalty has a 12 month low of C$25.85 and a 12 month high of C$31.97. The firm has a market capitalization of C$1.91 billion, a PE ratio of 17.49, a P/E/G ratio of 0.94 and a beta of 0.32. The company’s 50 day simple moving average is C$30.40 and its 200 day simple moving average is C$28.77.

Labrador Iron Ore Royalty (TSE:LIF) last released its earnings results 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%.

Insider Activity

In other news, insider Stephen Douglas Pearce acquired 2,000 shares of the company’s stock in a transaction dated Thursday, November 27th. The shares were bought at an average price of C$29.71 per share, with a total value of C$59,420.00. Following the purchase, the insider owned 2,000 shares of the company’s stock, valued at approximately C$59,420. This represents a ? increase in their ownership of the stock. Company 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.