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Labrador Iron Ore
(TSX:LIF)
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Rating:73Outperform
Price Target:
C$23.00
▼(-15.75% Downside)
Action:Reiterated
Date:10/14/26
The score is primarily driven by strong financial quality (zero debt, strong margins, and robust cash conversion), partially offset by a clear negative technical trend (price below key moving averages with weak momentum). Valuation is a mild positive due to the ~6% dividend yield, while the P/E is only moderate given recent fundamental cooling.
Positive Factors
Debt-free balance sheet
A zero-debt balance sheet and sizable, stable equity base materially reduce financial risk. This gives Labrador Iron Ore greater flexibility to sustain distributions and absorb operating variability without the refinancing burden or interest expense associated with leverage.
Negative Factors
Declining revenue
The deterioration in revenue across both the 2025 annual period and TTM indicates that the recent cooling is broader than a single quarter. Continued top-line weakness could reduce the earnings base supporting distributions and limit near-term operating momentum.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt balance sheet and sizable, stable equity base materially reduce financial risk. This gives Labrador Iron Ore greater flexibility to sustain distributions and absorb operating variability without the refinancing burden or interest expense associated with leverage.
Read all positive factors
Labrador Iron Ore (LIF) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.28B
Dividend Yield6.26%
Average Volume (3M)253.42K
Price to Earnings (P/E)16.5
Beta (1Y)0.86
Revenue Growth-15.44%
EPS Growth-32.07%
CountryCA
Employees4
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)1.21
Shares Outstanding64,000,000
10 Day Avg. Volume242,502
30 Day Avg. Volume253,421
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)2.96
Price to Sales (P/S)11.52
P/FCF Ratio19.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$32.00Price Target Upside17.22% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)0.92
Revenue Forecast (FY)C$142.00M
Labrador Iron Ore Business Overview & Revenue Model
Company Description
Labrador Iron Ore Royalty Corporation maintains a substantial 15.10% ownership stake in the Iron Ore Company of Canada (IOC) via its subsidiary, Hollinger-Hanna Limited. The IOC specializes in the mining and refinement of iron ores at its operatio...
Labrador Iron Ore Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 153.03M | 165.88M | 207.51M | 200.17M | 232.32M | 279.47M |
| Gross Profit | 141.97M | 159.71M | 201.25M | 194.15M | 225.90M | 273.30M |
| EBITDA | 115.50M | 146.48M | 163.28M | 157.40M | 183.09M | 220.90M |
| Net Income | 77.09M | 100.58M | 175.04M | 186.31M | 265.45M | 379.77M |
Balance Sheet | ||||||
| Total Assets | 788.05M | 809.43M | 836.13M | 837.04M | 825.76M | 789.31M |
| Cash, Cash Equivalents and Short-Term Investments | 13.74M | 14.57M | 42.30M | 13.19M | 39.90M | 82.91M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 156.53M | 164.22M | 193.19M | 177.71M | 188.31M | 225.25M |
| Stockholders Equity | 631.52M | 645.21M | 642.93M | 659.33M | 637.46M | 564.06M |
Cash Flow | ||||||
| Free Cash Flow | 95.38M | 97.07M | 201.91M | 152.49M | 184.19M | 402.42M |
| Operating Cash Flow | 95.38M | 97.07M | 201.91M | 152.49M | 184.19M | 402.42M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | -86.40M | -124.80M | -172.80M | -179.20M | -227.20M | -425.60M |
Labrador Iron Ore Technical Analysis
Negative
27.30
Price Trends
23.93
Negative
25.36
Negative
26.91
Negative
Market Momentum
-1.04
Negative
25.54
Positive
27.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LIF, the sentiment is Negative. The current price of 27.3 is above the 20-day moving average (MA) of 21.50, above the 50-day MA of 23.93, and above the 200-day MA of 26.91, indicating a bearish trend. The MACD of -1.04 indicates Negative momentum. The RSI at 25.54 is Positive, neither overbought nor oversold. The STOCH value of 27.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:LIF.
Labrador Iron Ore Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | C$2.89B | 7.70 | 27.08% | 0.83% | 67.98% | 198.95% | |
78 Outperform | C$1.64B | 10.99 | 19.27% | 4.89% | 12.36% | 20.53% | |
73 Outperform | C$1.28B | 16.50 | 12.04% | 6.26% | -15.44% | -32.07% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | C$704.76M | -0.95 | -225.44% | 1.00% | -42.87% | -10.45% | |
43 Neutral | C$1.03B | -5.16 | -9.05% | ― | ― | -107.51% |
* Basic Materials Sector Average
TSE:LIF
Labrador Iron Ore
19.96
-7.71
-27.85%
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Labrador Iron Ore Corporate Events
Business Operations and StrategyDividends
Labrador Iron Ore Royalty Corp Declares Q3 2026 Dividend of $0.30 a Share
Positive
Sep 16, 2026
Labrador Iron Ore Royalty Corporation, which derives royalty and commission income from iron ore production and sales by Iron Ore Company of Canada, operates as a specialized vehicle for investors seeking exposure to iron ore market dynamics witho...
Business Operations and StrategyFinancial Disclosures
Labrador Iron Ore Royalty hit by lower volumes despite firmer prices
Negative
Aug 6, 2026
Labrador Iron Ore Royalty Corporation reported weaker second-quarter 2026 results as lower concentrate for sale and pellet volumes weighed on performance despite firmer iron ore prices. Royalty revenue fell 27% year over year to $33.7 million, equ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.