Labrador Iron Ore Royalty Corporation (LIFZF)
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 $17.55, down 0.52% on the session, giving a market capitalisation of $1.12B. On trailing twelve-month figures it carries a trailing P/E of 20.46, a net margin of 50.4%. Its beta of 0.83 implies it has historically moved less than the broad market.
Labrador Iron Ore Royalty Corporation (LIFZF) holds a 15.10% equity interest in the Iron Ore Company of Canada (IOC), with this ownership managed via its subsidiary, Hollinger-Hanna Limited. The IOC specializes in the extraction and refinement of iron ores at its operations situated in Labrador City, Newfoundland and Labrador. The diverse range of offerings stemming from these activities includes standard and low-silica acid, flux, direct reduction pellets, iron ore concentrate, and seaborne iron ore pellets. Headquartered in Toronto, Canada, the corporation formally adopted its current name in July 2010, having previously been known as Labrador Iron Ore Royalty Income Fund.
Labrador Iron Ore Royalty Corporation is most often compared with the following Basic Materials names: