Labrador Iron Ore Royalty Corporation

LIF

CA5054401073

Iron & Steel

Market Closed - Toronto S.E. Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
30.5 ^CAD	+0.10%		+0.96%	-4.39%

Mar. 13	Labrador Iron Ore Royalty's Q4 Profit, Revenue Grows; Down Over 2%	MT
Mar. 13	Labrador Iron Ore Royalty Price Target Lowered to $35 at TD	MT

Labrador Iron Ore Royalty Corporation Revises Production Guidance for the Year 2024

March 12, 2024 at 08:05 pm EDT

Labrador Iron Ore Royalty Corporation revised production guidance for the year 2024. The company's 2024 guidance for IOC's saleable production tonnage (CFS plus pellets) is 16.7 million to 19.6 million tonnes. This compares to 16.5 million tonnes of saleable production in 2023.

Latest news about Labrador Iron Ore Royalty Corporation

Labrador Iron Ore Royalty's Q4 Profit, Revenue Grows; Down Over 2%	Mar. 13	MT
Labrador Iron Ore Royalty Price Target Lowered to $35 at TD	Mar. 13	MT
Labrador Iron Ore Royalty's Q4 Profit, Revenue Grows	Mar. 13	MT
Labrador Iron Ore Royalty Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 12	CI
Labrador Iron Ore Royalty Corporation Revises Production Guidance for the Year 2024	Mar. 12	CI
Labrador Iron Ore Royalty Corporation Declares Cash Dividend for the First Quarter of 2024, Payable on April 26, 2024	Mar. 12	CI
RBC Capital Markets Says Iron Ore Prices Down While Met Coal Supported By Supply Risks	Jan. 18	MT
Labrador Iron Ore Royalty Cash Dividend Declines in the Fourth Quarter	Dec. 15	MT
Labrador Iron Ore Royalty Corporation Declares Cash Dividend for the Fourth Quarter of 2023, Payable on January 26, 2024	Dec. 14	CI
Labrador Iron Ore Royalty Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 02	CI
Labrador Iron Ore Royalty Brief: Net income per share for the third quarter of 2023 was $0.77 per share, which was a 38% decrease over the same period in 2022	Nov. 02	MT
Labrador Iron Ore Royalty Corporation Revises Production Guidance for the Third Quarter of 2023	Nov. 02	CI
Labrador Iron Ore Royalty Kept at Market Perform After IOC Guidance Cut; Price Target Lowered to C$30.00	23-10-18	MT
Labrador Iron Ore Declines More Than 5%, TD Says Shares Will Underperform	23-10-17	MT
Labrador Iron Ore Royalty Notes Rio Tinto Released IOC Production, Sales Info	23-10-17	MT
Canacol Energy Declares Dividend; Separately, Iron Ore Co. of Canada Declares Dividend	23-09-15	MT
Labrador Iron Ore Royalty Corporation Declares Cash Dividend for the Third Quarter of 2023, Payable on October 26, 2023	23-09-14	CI
Labrador Iron Ore Royalty Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-02	CI
North American Morning Briefing : Stock Futures -2-	23-08-02	DJ
Labrador Iron Ore Royalty Corporation Revises Production Guidance for the Year 2023	23-08-01	CI
Labrador Iron Ore Royalty Corporation Reports Unaudited Production Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-01	CI
Labrador Iron Ore Royalty Corp. Notes Rio Tinto Released IOC Production and Sales Info	23-07-19	MT
Labrador Iron Ore Royalty Brief: Notes Rio Tinto Released IOC Production and Sales Info	23-07-19	MT
Labrador Iron Ore Royalty Corporation Declares Cash Dividend for the Second Quarter of 2023, Payable on July 26, 2023	23-06-14	CI
Transcript : Labrador Iron Ore Royalty Corporation - Shareholder/Analyst Call	23-05-16

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Company Profile

Labrador Iron Ore Royalty Corporation is a Canada-based investment company. The Company holds interests in the Iron Ore Company of Canada (IOC), which is a North American producer and exporter of iron ore pellets and high-grade concentrate. The Company, through its wholly owned subsidiary, Hollinger Hanna Limited (Hollinger-Hanna), holds an approximately 15.10% equity interest in IOC. It holds an approximately 15.10% equity interest in IOC and receives approximately 7% gross overriding royalty and a 10% per ton commission on all iron ore products produced, sold, and shipped by IOC. IOC operates mine, concentrator and pellet plant at Labrador City, Newfoundland, and Labrador. The IOC mines and produces iron ore pellets and concentrates at its facilities in Labrador City, Newfoundland, and Labrador. The Company holds mining leases and mining licenses covering approximately 18,200 hectares of land near Labrador City.

Sector

Iron & Steel

Calendar

2024-05-07 - Q1 2024 Earnings Release

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Ratings for Labrador Iron Ore Royalty Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

30.5 CAD

Average target price

33.33 CAD

Spread / Average Target

+9.29%

Consensus

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Quarterly earnings - Rate of surprise

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Sector Iron Ore Mining

	1st Jan change	Capi.
LABRADOR IRON ORE ROYALTY CORPORATION	-4.39%	1.43B
FORTESCUE LTD	-11.82%	51.33B
NMDC LIMITED	+23.14%	9.06B
KUMBA IRON ORE LIMITED	-22.65%	8.11B
SHOUGANG HIERRO PERU S.A.A.	-2.36%	5.75B
CSN MINERAÇÃO S.A.	-36.40%	5.33B
NMDC STEEL LIMITED	+29.09%	2.33B
HAINAN MINING CO., LTD.	+9.71%	1.98B
DETERRA ROYALTIES LIMITED	-7.21%	1.69B
HBIS RESOURCES CO., LTD.	+6.96%	1.62B

Iron Ore Mining