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Labrador Iron Ore Royalty (LIF-T) is a company that receives royalties on iron ore deliveries, making them dependent on iron ore prices. They recently cut their dividend, but still offer a high yield. The stock is currently valued at 10X earnings, with $40 million in cash, and has potential for growth if iron ore prices improve. However, the company's success is heavily reliant on China's economic growth and demand for metals, which is uncertain given the current slowdown. Despite this, the stock is seen as a good long-term investment with potential for value creation.
They get a royalty on what's delivered so are tied to iron ore prices. Their dividend is tied to earnings and they just cut the dividend from $1.10 to $0.70 for a yield of 10%. It is an interesting stock because of the valuation - 10X Earnings, cash - $40 million, and exposure, but they need iron ore to get back on track and China to grow again.
They have a huge operation in eastern Canada. They have a royalty structure, like a toll road on iron production. With a slowdown in China, how much demand will there be for metals? He's not sure. Be careful. LIF is volatile, but long-term this is good and pays a gooD dividend. You can buy a partial position and average in.
It is in an uptrend and now consolidating. The support level has become the resistance level. It is going sideways so swing traders could trade the swing which is the only way for a stock going sideways. He likes swing trading. Pays a high dividend and there is a reason for a stock having a high dividend.
It is an interesting asset on a long term basis. Iron Ore has not done well but this could improve. It is great long term value creation company. The dividend is variable. You can continue to hold but wait to buy.
Has owned shares for a long time. Benefits from iron consumers who prefer substance of assets. Great for dividend investors. Would recommend holding.
They collect royalties on every ore mined in Labrador. So, if Rio Tinto expands volume, LIF makes money more. IF Rio expands, it's a capital project that'll take years. Now, you own LIF to collect their dividend.
Owns this personally. Earnings and dividends are erratic, depending on the volatile price of iron ore. But once in a while they pay an amazing, special dividend. Pays a 5.6% dividend.
He likes materials now and this is a materials stock. It's coming off its support level and has made a descending triangle (lower peaks in the past 2 years, but the low has been steady). This could, maybe, breakout. Looks okay. Could benefit if money rotates out of high-flying tech.
Unsure on direction share price (short term).
Good company for the long term investor.
At current price is a bit expensive.
Weakening pricing hard for business model (cyclical business).
Hard to predict short term prospects.
Labrador Iron Ore Royalty is a Canadian stock, trading under the symbol LIF-T on the Toronto Stock Exchange (LIF-CT). It is usually referred to as TSX:LIF or LIF-T
In the last year, 4 stock analysts published opinions about LIF-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Labrador Iron Ore Royalty.
Labrador Iron Ore Royalty was recommended as a Top Pick by on . Read the latest stock experts ratings for Labrador Iron Ore Royalty.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Labrador Iron Ore Royalty In the last year. It is a trending stock that is worth watching.
On 2024-12-13, Labrador Iron Ore Royalty (LIF-T) stock closed at a price of $29.76.