- Labrador Iron Ore’s Q2 earnings per share (EPS) were C$0.78.
- EPS missed market estimates of C$0.80 but was higher compared to C$0.65 in the same period last year (y/y).
- The company reported revenue of C$53.1 million for the quarter.
- This represents a 3.1% increase year-over-year, exceeding the estimated revenue of C$49.7 million.
- Rio Tinto’s 2024 guidance for IOC’s saleable production remains between 16.7 million and 19.6 million tonnes.
- The World Steel Association forecasts global steel demand will grow by 1.7% in 2024.
- Global steel demand is also expected to grow by 1.2% in 2025.
- Current analyst recommendations include 1 buy, 5 holds, and 0 sells.
A look at Labrador Iron Ore Royalty Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Labrador Iron Ore Royalty Corp, an unincorporated open-ended trust, holds a promising outlook based on the Smartkarma Smart Scores. With a strong dividend score of 5, investors can expect consistent payouts. The company also received solid scores in momentum, resilience, and value, indicating a stable and potentially growing investment opportunity. While growth scored a 3, the overall assessment presents a positive long-term outlook for Labrador Iron Ore Royalty Co.
Labrador Iron Ore Royalty Co‘s business model focuses on holding an overriding royalty on iron ore products from the Iron Ore Company of Canada. This unique structure positions the company well for steady income generation and shareholder returns. Investors looking for a reliable dividend stock with potential for growth and resilience may find Labrador Iron Ore Royalty Co an attractive option based on its Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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