Labrador Iron Ore Royalty Co. (TSE:LIF) – Analysts at Raymond James decreased their FY2019 earnings estimates for shares of Labrador Iron Ore Royalty in a report issued on Thursday, August 15th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $3.36 for the year, down from their previous estimate of $3.55. Raymond James currently has a “Outperform” rating and a $33.00 target price on the stock.
Separately, BMO Capital Markets increased their price objective on Labrador Iron Ore Royalty from C$34.00 to C$36.00 in a report on Thursday, June 27th.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Sunday, June 30th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Thursday, June 27th. Labrador Iron Ore Royalty’s dividend payout ratio (DPR) is currently 46.53%.
Labrador Iron Ore Royalty Company Profile
Labrador Iron Ore Royalty Corporation, together with its subsidiary, Hollinger-Hanna Limited, owns a 15.10% equity interest in Iron Ore Company of Canada (IOC) that operates an iron mine near Labrador City, Newfoundland and Labrador. IOC engages in the production and sale of iron ore pellets and concentrates in North America, Europe, the Middle East, and the Asia-Pacific region.
Recommended Story: How much can an individual set aside as a catch-up contribution?
Receive News & Ratings for Labrador Iron Ore Royalty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Labrador Iron Ore Royalty and related companies with MarketBeat.com's FREE daily email newsletter.