Labrador Iron Ore Royalty (TSE:LIF) Announces Quarterly Earnings Results

Labrador Iron Ore Royalty (TSE:LIF) announced its quarterly earnings results on Wednesday. The company reported C$0.17 earnings per share for the quarter, FiscalAI reports. Labrador Iron Ore Royalty had a return on equity of 14.38% and a net margin of 55.72%.The company had revenue of C$33.97 million during the quarter.

Labrador Iron Ore Royalty Price Performance

Shares of TSE LIF opened at C$27.34 on Friday. The stock has a market capitalization of C$1.75 billion, a price-to-earnings ratio of 18.86, a PEG 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. The firm’s 50 day simple moving average is C$27.46 and its 200-day simple moving average is C$28.67.

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.