Labrador Iron Ore Royalty (TSE:LIF) Hits New 12-Month High – Should You Buy?

Labrador Iron Ore Royalty Co. (TSE:LIF) hit a new 52-week high on Wednesday . The stock traded as high as C$31.08 and last traded at C$31.08, with a volume of 34146 shares changing hands. The stock had previously closed at C$30.97.

Labrador Iron Ore Royalty Price Performance

The stock has a 50-day moving average price of C$29.71 and a 200 day moving average price of C$28.40. The company has a market cap of C$1.97 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 0.94 and a beta of 0.56.

Labrador Iron Ore Royalty (TSE:LIF) last issued its earnings results on Thursday, November 6th. The company reported C$0.47 earnings per share for the quarter. The business had revenue of C$43.85 million for the quarter. Labrador Iron Ore Royalty had a net margin of 94.67% and a return on equity of 29.05%. Sell-side analysts expect that Labrador Iron Ore Royalty Co. will post 3.7420091 EPS for the current fiscal year.

Insider Buying and Selling at Labrador Iron Ore Royalty

In related news, insider Stephen Douglas Pearce bought 2,000 shares of Labrador Iron Ore Royalty stock in a transaction that occurred on Thursday, November 27th. The shares were acquired at an average cost of C$29.71 per share, for a total transaction of C$59,420.00. Following the completion of the acquisition, the insider directly owned 2,000 shares of the company’s stock, valued at approximately C$59,420. The trade was a ∞ increase in their position. Insiders own 0.08% of the company’s stock.

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. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC’s sales of iron ore.