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Last $12.01 USD
Change Today -0.45 / -3.61%
Volume 1.5K
LIFZF On Other Exchanges
Symbol
Exchange
OTC US
Frankfurt
As of 8:10 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

labrador iron ore royalty co (LIFZF) Snapshot

Open
$12.52
Previous Close
$12.46
Day High
$12.52
Day Low
$12.01
52 Week High
07/9/14 - $28.63
52 Week Low
03/11/15 - $11.20
Market Cap
768.6M
Average Volume 10 Days
5.1K
EPS TTM
--
Shares Outstanding
64.0M
EX-Date
03/27/15
P/E TM
--
Dividend
$1.00
Dividend Yield
10.99%
Current Stock Chart for LABRADOR IRON ORE ROYALTY CO (LIFZF)

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labrador iron ore royalty co (LIFZF) 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 (LIFZF) 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 (LIFZF) Key Developments

Labrador Iron Ore Royalty Corporation Proposes to Approve Amendment to its Articles

Labrador Iron Ore Royalty Corporation announced that at its AGM to be held on May 28, 2015, the company has proposed to approve the amendment to its articles to give LIORC the flexibility to invest in metal or mineral royalties and issue shares to finance such investments and to amend the articles to give management and the Board of Directors the authority to acquire other metal or mineral royalties without prior shareholder approval.

Labrador Iron Ore Royalty Corporation Declares First Quarter Cash Dividend, Payable on April 25, 2015

Labrador Iron Ore Royalty Corporation announced that it has declared a regular quarterly cash dividend of $0.25 per Common Share. All amounts are payable to holders of record at the close of business on March 31, 2015 and to be paid on April 25, 2015.

Labrador Iron Ore Royalty Corporation Reports Consolidated Earnings Results for the fourth quarter and full Year Ended December 31, 2014; Provides Production and Revenue Guidance for 2015

Labrador Iron Ore Royalty Corporation reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the year, the company's revenue was CAD 117,482,481 compared to CAD 139,280,263 for the last year. Income before income taxes was CAD 128,373,681 compared to CAD 187,119,214 for the last year. Net income for the year was CAD 104,131,251 compared to CAD 148,830,140 for the last year. Net income per share was CAD 1.63 compared to CAD 2.33 for the last year. Cash flow from operating activities was CAD 113,541,709 compared to CAD 121,690,503 for the last year. Adjusted cash flow was CAD 113,571,094 against CAD 115,411,994 a year ago. Adjusted cash flow per share was CAD 1.77 against CAD 1.80 a year ago. The main cause of IOC's lower earnings for 2014 as compared to 2013 was the lower iron ore price. For the fourth quarter, the company reported revenue of CAD 25.7 million against CAD 34.6 million a year ago. Net income was CAD 12.1 million or CAD 0.19 against CAD 46.7 million against CAD 0.73 per share a year ago. Adjusted cash flow was CAD 14.4 million or CAD 0.22 per share against CAD 57.6 million or CAD 0.90 a year ago. With IOC's expansion program now complete and the pellet plant capacity expected to be returned to 12-13 million tonnes by mid-year, IOC will be in a position to increase sales. All areas of operations are being examined to create efficiencies and reduce costs. The outlook for iron ore prices is currently a major question mark and thus cost reductions to remain a low cost producer are of utmost importance. With the premium for pellets remaining at the high end of its trading range, the increased volume of pellet production will help offset the low price for iron ore concentrate, as will the CDN/USD exchange rate, which is currently more than 10% lower than the 2014 average rate. Unless a significant recovery in iron ore prices occurs, the company anticipates LIORC's royalty revenue will be lower than in 2014 but should still be satisfactory.

 

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LIFZF

Industry Average

Valuation LIFZF Industry Range
Price/Earnings 8.8x
Price/Sales 7.9x
Price/Book 1.6x
Price/Cash Flow 8.8x
TEV/Sales 7.6x
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