Earnings Estimate for Labrador Iron Ore Royalty (TSE:LIF) by Scotiabank

Labrador Iron Ore Royalty Company (TSE:LIF – Free Report) recently received updated earnings projections from Scotiabank. The financial institution has revised its estimates for the fiscal year 2026, indicating a decrease in the expected earnings per share. In a report published on March 19th, analyst O. Wowkodaw has adjusted the earnings forecast to $2.61 per share, down from the previous estimate of $2.73.

This new forecast stands in contrast to the consensus estimate for Labrador Iron Ore Royalty’s earnings, which currently sits at $3.74 per share for the full year. These adjustments reflect ongoing shifts in market conditions and company performance expectations.

Additionally, there have been more updates regarding the stock from other analysts. Royal Bank of Canada has cut their target price for Labrador Iron Ore Royalty shares from C$38.00 to C$36.00 and has maintained a ‘sector perform’ rating. Meanwhile, in a report issued on March 13th, TD Securities changed its stance on the shares, moving from a ‘strong-buy’ to a ‘hold’ recommendation.

Current Trading Performance of TSE:LIF

As of the latest trading session on Monday, TSE:LIF opened at C$30.39. The stock has shown a slight increase of 0.8%. Looking at the moving averages, the 50-day moving average is positioned at C$30.36, while the 200-day moving average is slightly higher at C$30.38. Over the past year, Labrador Iron Ore Royalty has experienced a range, with a low of C$28.40 and a high reaching C$33.97. The company currently boasts a market capitalization of C$1.95 billion, a price-to-earnings (P/E) ratio of 9.95, and a price-to-earnings-growth ratio of 0.94 with a beta value of 1.10.

About Labrador Iron Ore Royalty Corporation

Labrador Iron Ore Royalty Corporation is a Canadian company. Its revenue is primarily derived from its equity investment in the Iron Ore Company of Canada (IOC), as well as from royalties and commissions associated with IOC operations. The Iron Ore Company of Canada operates a significant iron ore mine located near Labrador City in Newfoundland and Labrador, on lands leased from Labrador Iron Ore Royalty Corporation.

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