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

Labrador Iron Ore Royalty

06/05/2022 03:17

* Labrador Iron Ore Royalty Corp  LIF.TO  reported quarterly
adjusted earnings of 99 cents​​ per share for the quarter ended
in March. The mean expectation of six analysts for the quarter
was for earnings of C$1.16 per share.
    * Revenue fell 17.6% to C$54.16 million from a year ago. 
    * Labrador Iron Ore Royalty Corp's reported EPS for the
quarter
was 99 cents​.
    * The mean earnings estimate of analysts had risen by
about 21.5%
in the last three months.​ 
    * In the last 30 days three analysts negatively revised
earnings
estimates 
    * Labrador Iron Ore Royalty Corp shares had fallen by 15.7%
this
quarter and lost 5.6% so far this year.
    * The company reported quarterly net income of C$63.25
million.
    * Wall Street's median 12-month price target for Labrador
Iron Ore
Royalty Corp is C$44.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 6 at 02:17 a.m.  ​All
figures in Canadian dollars unless otherwise stated