Labrador Iron Ore Royalty Co. (TSE:LIF - Get Free Report) shares fell 0.1% during mid-day trading on Wednesday . The company traded as low as C$29.79 and last traded at C$29.83. 158,178 shares were traded during mid-day trading, a decline of 22% from the average session volume of 201,909 shares. The stock had previously closed at C$29.85.
Separately, Scotiabank cut their target price on Labrador Iron Ore Royalty from C$32.00 to C$31.00 in a research report on Wednesday, November 6th.
View Our Latest Stock Report on LIF
The firm has a market capitalization of C$1.91 billion, a P/E ratio of 8.98, a P/E/G ratio of 0.94 and a beta of 1.10. The stock has a fifty day moving average price of C$30.83 and a two-hundred day moving average price of C$30.27.
The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Friday, September 27th were issued a $0.70 dividend. The ex-dividend date was Friday, September 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 9.39%. Labrador Iron Ore Royalty's dividend payout ratio (DPR) is 81.33%.
Labrador Iron Ore Royalty Corporation, through its subsidiary, Hollinger-Hanna Limited, holds a 15.10% equity interest in Iron Ore Company of Canada (IOC) that produces and processes iron ores at Labrador City, Newfoundland and Labrador. Its primary products include standard and low silica acid, flux, and direct reduction pellets; iron ore concentrate; and seaborne iron ore pellets.
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