Patricia Mary Volker Purchases 1,000 Shares of Labrador Iron Ore Royalty (LIF) Stock

Labrador Iron Ore Royalty (TSE:LIF) Director Patricia Mary Volker bought 1,000 shares of Labrador Iron Ore Royalty stock in a transaction dated Monday, May 14th. The shares were bought at an average cost of C$20.98 per share, for a total transaction of C$20,980.00.

TSE:LIF traded down C$0.67 during trading hours on Friday, hitting C$21.15. The company’s stock had a trading volume of 83,965 shares, compared to its average volume of 232,142. Labrador Iron Ore Royalty has a twelve month low of C$15.10 and a twelve month high of C$28.55.

Labrador Iron Ore Royalty (TSE:LIF) last released its quarterly earnings data on Thursday, March 8th. The company reported C$12.77 earnings per share for the quarter. The business had revenue of C$40.60 million during the quarter.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 25th. Investors of record on Saturday, March 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.73%. The ex-dividend date was Wednesday, March 28th.

Several analysts have recently issued reports on the company. Eight Capital reduced their target price on Labrador Iron Ore Royalty from C$26.50 to C$24.00 in a report on Monday, March 12th. Scotiabank reissued an “outperform” rating and set a C$32.00 target price on shares of Labrador Iron Ore Royalty in a report on Friday, March 9th. Finally, BMO Capital Markets increased their target price on Labrador Iron Ore Royalty from C$21.00 to C$22.00 in a report on Monday, March 12th.

About Labrador Iron Ore Royalty

Labrador Iron Ore Royalty Corporation, together with its subsidiary, Hollinger-Hanna Limited, owns a 15.10% equity interest in Iron Ore Company of Canada (IOC) that operates an iron mine near Labrador City, Newfoundland and Labrador. IOC engages in the production and sale of iron ore pellets and concentrates in North America, Europe, the Middle East, and the Asia-Pacific region.

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