Last C$31.44 CAD
Change Today +0.36 / 1.16%
Volume 196.3K
LIF On Other Exchanges
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As of 4:00 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

labrador iron ore royalty co (LIF) Snapshot

Open
C$30.97
Previous Close
C$31.08
Day High
C$31.59
Day Low
C$30.92
52 Week High
12/31/13 - C$34.53
52 Week Low
05/21/14 - C$27.63
Market Cap
2.0B
Average Volume 10 Days
276.1K
EPS TTM
C$2.36
Shares Outstanding
64.0M
EX-Date
06/26/14
P/E TM
13.3x
Dividend
C$1.60
Dividend Yield
6.12%
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 Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Labrador Iron Ore Royalty Corporation announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $33.8 million against $42.2 million a year ago. Adjusted cash flow was $33.7 million or $0.53 per share against $23.4 million or $0.37 per share a year ago. Net income was $35.9 million or $0.56 per share against $39.2 million or $0.61 per share a year ago. Income before equity earnings and income taxes was $25,497,039 against $31,896,706 a year ago. Income before income taxes was $43,739,598 against $51,235,715 a year ago. For the six months, the company reported revenue of $61.0 million against $68.6 million a year ago. Adjusted cash flow was $61.4 million or $0.96 per share against $37.8 million or $0.59 per share a year ago. Net income was $63.0 million or $0.98 per share against $60.9 million or $0.95 per share a year ago. Income before equity earnings and income taxes was $46,003,788 against $51,190,640 a year ago. Income before income taxes was $76,813,749 against $79,893,924 a year ago. Cash flow from operating activities was $55,077,722 against $29,240,622 a year ago.

Labrador Iron Ore Royalty Corporation Declares Regular and Special Dividends for the Second Quarter of 2014, Payable on July 25, 2014

Labrador Iron Ore Royalty Corporation declared a regular quarterly cash dividend of $0.25 per common share. The company also declared a special dividend of $0.15 per common share for a total dividend of $0.40 per common share. All amounts are payable to holders of record at the close of business on June 30, 2014 and to be paid on July 25, 2014.

Labrador Iron Ore Royalty Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Labrador Iron Ore Royalty Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of CAD 27,193,176 against CAD 26,417,225 a year ago. Income before income taxes was CAD 33,074,151 against CAD 28,658,209 a year ago. Net income for the period was CAD 27,119,152 or CAD 0.42 per share against CAD 21,673,921 or CAD 0.34 per share a year ago. Cash flow from operating activities was CAD 25,848,565 against CAD 14,106,869 a year ago. Adjusted cash flow was CAD 27,683,434 or CAD 0.43 per share against CAD 14,350,013 or CAD 0.22 per share a year ago.

 

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Valuation LIF Industry Range
Price/Earnings 13.0x
Price/Sales 15.0x
Price/Book 3.3x
Price/Cash Flow 13.0x
TEV/Sales 14.7x
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