Labrador Iron Ore Royalty Corp T.LIF

Alternate Symbol(s): LIFZF

Steel Steel

Labrador Iron Ore Royalty Corporation is a Canada-based investment company. The Company holds interests in the Iron Ore Company of Canada (IOC), which is a North American producer and exporter of iron ore pellets and high-grade concentrate. The Company, through its wholly owned subsidiary, Hollinger Hanna Limited (Hollinger-Hanna), holds an approximately 15.10% equity interest in IOC. It holds an approximately 15.10% equity interest in IOC and receives approximately 7% gross overriding royalty and a 10% per ton commission on all iron ore products produced, sold, and shipped by IOC. IOC operates mine, concentrator and pellet plant at Labrador City, Newfoundland, and Labrador. The IOC mines and produces iron ore pellets and concentrates at its facilities in Labrador City, Newfoundland, and Labrador. The Company holds mining leases and mining licenses covering approximately 18,200 hectares of land near Labrador City.

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Labrador Iron Ore Royalty Corp

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Post by OuijaFundon Oct 16, 2019 5:45pm

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Post# 30237948

Raymond James LIF Earnings Estimates

Labrador Iron Ore Royalty Co. (TSE:LIF) – Analysts at Raymond James decreased their Q4 2019 earnings per share (EPS) estimates for Labrador Iron Ore Royalty in a research report issued on Tuesday, October 15th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.78 per share for the quarter, down from their previous estimate of $0.83. Raymond James has a “Outperform” rating and a $33.00 price target on the stock. Raymond James also issued estimates for Labrador Iron Ore Royalty’s Q1 2020 earnings at $0.69 EPS, Q2 2020 earnings at $0.69 EPS, Q3 2020 earnings at $0.65 EPS, Q4 2020 earnings at $0.65 EPS and FY2020 earnings at $2.68 EPS.

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