Labrador Iron Ore Royalty Corporation (LIF.TO)
Labrador Iron Ore Royalty Corporation operates in the Steel industry of the Basic Materials sector, headquartered in Toronto, ON, CA. The stock last traded at $26.95, down 0.79% on the session, giving a market capitalisation of $1.73B. Its beta of 0.83 implies it has historically moved less than the broad market.
Labrador Iron Ore Royalty Corporation maintains a substantial 15.10% ownership stake in the Iron Ore Company of Canada (IOC) via its subsidiary, Hollinger-Hanna Limited. The IOC specializes in the mining and refinement of iron ores at its operations situated in Labrador City, Newfoundland and Labrador. The diverse range of products generated from these activities includes standard and low-silica acid, flux, direct reduction pellets, iron ore concentrate, and seaborne iron ore pellets. This corporation, whose primary base is in Toronto, Canada, transitioned to its current name, Labrador Iron Ore Royalty Corporation, in July 2010, having previously operated as Labrador Iron Ore Royalty Income Fund.
Labrador Iron Ore Royalty Corporation is most often compared with the following Basic Materials names: