- Labrador Iron Ore’s 4Q EPS missed estimates at C$0.80 versus C$0.70 y/y, with an estimate of C$0.88.
- Revenue was C$54.9 million, a 14% increase y/y, beating the estimate of C$52.3 million.
- Rio Tinto’s 2024 guidance for IOC’s saleable production tonnage (CFS plus pellets) is projected to be between 16.7 million to 19.6 million tonnes.
- IOC’s operator, Rio Tinto, is aiming for net zero emissions by 2050 and is planning a 15% reduction in Scope 1 & 2 emissions by 2025 and a 50% reduction by 2030 (from a 2018 equity baseline).
- The World Steel Association is predicting a 1.9% increase in global steel production for 2024.
- Labrador Iron Ore’s stock currently has 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 | 3 | |
| OVERALL SMART SCORE | 3.4 |
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 Co, an unincorporated open-ended trust, has received a promising overall outlook according to the Smartkarma Smart Scores. The company has scored a 3 out of 5 for Value, indicating that it has potential for future growth and profitability. Additionally, the company has received a perfect score of 5 for Dividend, showing its commitment to providing returns to its shareholders through regular dividend payments.
While the company has scored a 3 out of 5 for Growth and Resilience, indicating moderate potential in these areas, it has received a score of 3 for Momentum, showcasing its steady performance in the market. This is further supported by the company’s description, which states that it holds an overriding royalty on all iron ore products produced by Iron Ore Company of Canada, emphasizing its stability and potential for long-term success.
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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