Last C$18.25 CAD
Change Today +0.18 / 1.00%
Volume 376.7K
LIF On Other Exchanges
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As of 1:00 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

labrador iron ore royalty co (LIF) Snapshot

Open
C$18.30
Previous Close
C$18.07
Day High
C$18.52
Day Low
C$17.81
52 Week High
12/31/13 - C$34.16
52 Week Low
12/1/14 - C$15.80
Market Cap
1.2B
Average Volume 10 Days
885.9K
EPS TTM
C$2.17
Shares Outstanding
64.0M
EX-Date
12/29/14
P/E TM
8.4x
Dividend
C$1.40
Dividend Yield
11.23%
Current Stock Chart for LABRADOR IRON ORE ROYALTY CO (LIF)

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labrador iron ore royalty co (LIF) Details

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 is engaged in the production and supply of iron ore pellets and concentrates in North America, Europe, the Middle East, and the Asia-Pacific region. Its primary products include standard acid pellets, flux pellets, direct reduction pellets, and iron ore concentrates. The company receives a 7% gross overriding royalty on iron ore products produced, sold, and shipped by IOC and a $0.10 per tonne commission on sales of iron ore by IOC. It also holds 12 long-term leases and 6 licenses covering approximately 18,200 hectares of land near Labrador City. The company was formerly known as Labrador Iron Ore Royalty Income Fund and changed its name to Labrador Iron Ore Royalty Corporation in July 2010. Labrador Iron Ore Royalty Corporation was founded in 1995 and is based in Toronto, Canada.

Founded in 1995

labrador iron ore royalty co (LIF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$270.0K
Chief Financial Officer and Director
Total Annual Compensation: C$120.0K
Executive Vice President, Secretary and Direc...
Total Annual Compensation: C$205.0K
Compensation as of Fiscal Year 2013.

labrador iron ore royalty co (LIF) Key Developments

Labrador Iron Ore Royalty Corporation Declares Fourth Quarter of 2014 Cash Dividend and Special Dividend, Payable on January 25, 2015

The directors of Labrador Iron Ore Royalty Corporation declared a regular quarterly cash dividend of $0.25 per common share. The directors also declared a special dividend of $0.10 per common share for a total dividend of $0.35 per Common Share. All amounts are payable to holders of record at the close of business on December 31, 2014 and to be paid on January 25, 2015.

Labrador Iron Ore Royalty Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Labrador Iron Ore Royalty Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. Royalty income for the third quarter of 2014 amounted to CAD 30.3 million as compared to CAD 35.6 million for the third quarter of 2013. The shareholders' adjusted cash flow was CAD 37.8 million or CAD 0.59 per share as compared to CAD 20.0 million or CAD 0.31 per share for the same period in 2013. The higher cash flow for the quarter reflected an IOC dividend, of which LIORC's share was CAD 20.7 million or CAD 0.32 per share. Net income was CAD 29.0 million or CAD 0.46 per share compared to CAD 41.2 million or CAD 0.65 per share for the same period in 2013. Equity earnings from Iron Ore Company of Canada amounted to CAD 11.1 million or CAD 0.17 per share as compared to CAD 25.8 million or CAD 0.40 per share in 2013. Revenue was CAD 30,761,411 compared to CAD 36,038,155 a year ago. Income before income taxes was CAD 34,258,388 compared to CAD 52,837,388 a year ago. For the nine months, revenue was CAD 91,736,606 compared to CAD 104,666,943 a year ago. Income before income taxes was CAD 111,072,137 compared to CAD 132,731,312 a year ago. Net income for the period was CAD 91,995,430 or CAD 1.44 per share compared to CAD 102,101,316 or CAD 1.60 per share a year ago. Cash flow from operating activities was CAD 95,617,406 compared to CAD 59,566,734 a year ago. Adjusted cash flow was CAD 99.2 million or CAD 1.55 per share compared to CAD 57.8 million or CAD 0.90 per share a year ago.

Labrador Iron Ore Royalty Corporation to Report Q3, 2014 Results on Nov 06, 2014

Labrador Iron Ore Royalty Corporation announced that they will report Q3, 2014 results After-Market on Nov 06, 2014

 

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