Scotiabank Issues FY2026 Earnings Estimate for Labrador Iron Ore Royalty (TSE:LIF)

Labrador Iron Ore Royalty Corporation (TSE:LIF) has recently seen an adjustment in its earnings forecast for FY2026. Scotiabank, in a report released on March 19th, has lowered its estimate for earnings per share (EPS) from $2.73 to $2.61. This change reflects a more cautious outlook on the company's financial performance for the upcoming fiscal year. Currently, the consensus among analysts for the company’s full-year earnings stands at $3.74 per share.

In addition to Scotiabank’s report, there have been other recent evaluations regarding Labrador Iron Ore Royalty. The Royal Bank of Canada announced a reduction in its target price for the company’s shares from C$38.00 to C$36.00 while maintaining a "sector perform" rating. Similarly, TD Securities has shifted its rating from "strong-buy" to "hold" for shares of Labrador Iron Ore Royalty.

Labrador Iron Ore Royalty Trading and Overview

As of Monday, shares of TSE:LIF opened at C$30.39, showing a slight increase of 0.8%. The 50-day moving average for the stock is C$30.36, with a 200-day moving average at C$30.38. Labrador Iron Ore Royalty has experienced a price range over the past year, with a low of C$28.40 and a high of C$33.97. The company boasts a market capitalization of approximately C$1.95 billion and a price-to-earnings (P/E) ratio of 9.95, along with a price-to-earnings-growth (PEG) ratio of 0.94 and a beta of 1.10.

Company Background

Labrador Iron Ore Royalty Corporation is a Canadian company primarily engaged in generating revenue through its equity investment in the Iron Ore Company of Canada (IOC) as well as its royalty and commission interests with IOC. This operation includes a significant iron mine located near Labrador City in Newfoundland and Labrador, on land leased from Labrador Iron Ore Royalty Corporation.

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