Scotiabank Has Bearish Outlook for TSE:LIF FY2026 Earnings

Labrador Iron Ore Royalty Co. (TSE:LIF) – Scotiabank reduced their FY2026 earnings per share (EPS) estimates for Labrador Iron Ore Royalty in a research note issued on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $2.61 per share for the year, down from their prior estimate of $2.73. The consensus estimate for Labrador Iron Ore Royalty’s current full-year earnings is $3.74 per share.

LIF has been the subject of several other research reports. TD Securities cut Labrador Iron Ore Royalty from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 13th. Royal Bank of Canada decreased their target price on Labrador Iron Ore Royalty from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a research note on Thursday, March 13th.

Labrador Iron Ore Royalty Stock Up 0.5 %

LIF stock opened at C$30.16 on Monday. The business has a 50 day moving average price of C$30.34 and a 200 day moving average price of C$30.38. The stock has a market cap of C$1.94 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 0.94 and a beta of 1.10. Labrador Iron Ore Royalty has a fifty-two week low of C$28.40 and a fifty-two week high of C$33.97.

About Labrador Iron Ore Royalty

Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC.