Labrador Iron Ore Royalty Corporation (LIORC) is a Canadian investment company that holds interests in Iron Ore Company of Canada (IOC), a leading North American producer and exporter of premium iron ore pellets and high-grade concentrate. The company has been producing and processing iron ore since 1954 and is among the top five producers of seaborne iron ore pellets in the world.
LIORC holds a 15.1% equity interest in IOC and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold, and shipped by IOC. Generally, LIORC pays cash dividends from its net income to the maximum extent possible, subject to the maintenance of appropriate levels of working capital. Since inception, the company has paid out 99% of standardized cash flow.
LIORC does not control or operate IOC. However, LIORC is indirectly exposed to environmental, social, and other risks arising from IOC’s operations.
Stock Chart & Metrics
- Ticker: tse:lif
- Sector: Basic Materials
- Industry: Steel
- Market Cap: 1.96B
- Market Cap Group: Small Cap
- P/E: 9.73
- Dividend Yield: 14.36%
- Grade: D
- Dividend Aristocrat: NO
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 3/10
- Dividend Income Fit: 1/10
Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| NUE | NYSE:NUE | Nucor Corporation | 36.22 | 10.89 | 1.43 | YES | 1 | 1 | 97 |
| STLC | TSE:STLC | Stelco Holdings | 3.66 | 16.52 | 3.00 | NO | 1 | 1 | 97 |
| LIF | TSE:LIF | Labrador Iron Ore Royalty | 1.96 | 9.73 | 14.36 | NO | 1 | 1 | 97 |
Labrador Iron Ore Royalty - FAQ
What is the stock ticker for Labrador Iron Ore Royalty?
The stock ticker for Labrador Iron Ore Royalty is TSE:lif.
Is Labrador Iron Ore Royalty a good stock to buy?
You need to consider your investment strategy and how TSE:lif can fit in your portfolio.
The current dividend income score of 1/10 and dividend growth score of 3/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is Labrador Iron Ore Royalty a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 33 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.
How can I buy stocks for Labrador Iron Ore Royalty?
You can easily buy the LIF stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.