Closing Bell: Labrador Iron Ore Royalty Corp down on Tuesday (LIF)

Labrador Iron Ore Royalty Corp opened trading today at $30.00 and closed at $30.22. It traded at a low of $29.86 to a high of $30.52.

The price dipped -1.37 percent from the previous day's close of $30.64.

During the day across North America, the TSX Composite closed -2.18% at 22227.63, the S&P 500 closed -3.00% at 5186.33, the Dow Jones Industrial Average closed -2.60% at 38703.27 and the Nasdaq Composite closed -3.43% at 16200.08.

Labrador Iron Ore Royalty Corp traded under LIF on the Toronto Stock Exchange (TSX).

Trading volume was 149,515 on 1,073 total trades, while having an average volume of 123,502 over 5 days.

Trading across the entire TSX saw 3,772 price advancers against 1,443 declines and 86 unchanged.

During the prior 52 weeks, LIF.TO has traded as high as $34.18 (September 15,2023) and low as $28.48 (March 14,2024). Moreover, in the last 12 months, Labrador Iron Ore Royalty Corp's shares have boosted 0.23%, while they have eased -5.27% year-to-date.

It announced a 1.10 dividend on June 11/24, with an June 28/24 ex-date and July 26/24 pay day.

Following today's trading, Labrador Iron Ore Royalty Corp has a market capitalization of $1.96 billion on a float of 64,000 shares outstanding. Its annual EPS is $3.16.

Labrador Iron Ore Royalty Corp is a TSX Steel company headquartered in St. John’s, CAN.

Currently, Labrador Iron Ore Royalty Corp's consensus rating is "Moderate Buy" based on 4 analysts according to Zacks. Currently, there are 1 buy ratings and 3 hold ratings for the stock.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..