Labrador Iron Ore Royalty Corp reports results for the quarter ended in June - Earnings Summary

Labrador Iron Ore Royalty

06/08/2021 01:54

* Labrador Iron Ore Royalty Corp  LIF.TO  reported quarterly
adjusted earnings of C$1.72​​ per share for the quarter ended in
June. The mean expectation of six analysts for the quarter was
for earnings of C$1.80 per share.
* Revenue rose 69.6% to C$79.23 million from a year ago; 
analysts expected C$65.00 million. 
* Labrador Iron Ore Royalty Corp's reported EPS for the quarter
was C$1.72​.
* The mean earnings estimate of analysts had risen by
about 30.9% in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates 
* Labrador Iron Ore Royalty Corp shares had risen by 3.9% this
quarter and gained 49.6% so far this year.
* The company reported quarterly net income of C$113.32 million.
* Wall Street's median 12-month price target for Labrador Iron
Ore Royalty Corp is C$47.50 
* The current average analyst rating on the shares is "hold" and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
This summary was machine generated August 6 at 12:54 a.m.  ​All
figures in Canadian dollars unless otherwise stated