|Bid||31.97 x 0|
|Ask||32.11 x 0|
|Day's Range||31.50 - 32.25|
|52 Week Range||27.04 - 39.59|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||11.42|
|Earnings Date||Mar 05, 2024 - Mar 11, 2024|
|Forward Dividend & Yield||2.80 (8.73%)|
|Ex-Dividend Date||Sept 28, 2023|
|1y Target Est||33.20|
Labrador Iron Ore Royalty Corporation ("LIORC") (TSX: LIF) announced today its operation and cash flow results for the third quarter ended September 30, 2023.
Rio Tinto released its quarterly operational report for the third quarter ending September 30, 2023, which included Iron Ore Company of Canada ("IOC") production and sales information. Specifically, Rio Tinto announced that in the third quarter of 2023, IOC had total saleable iron ore production of 4.06 million tonnes, comprised of 2.12 million tonnes of pellets and 1.94 million tonnes of concentrate for sale ("CFS").
Labrador Iron Ore Royalty Corporation ("LIORC") announced that Iron Ore Company of Canada ("IOC"), in which LIORC holds a 15.1% equity interest, has declared a dividend to be paid in September. LIORC's portion of the IOC dividend is U.S. $22.6 million, or about CDN. $30.6 million. For further clarity, this announcement refers to the declaration of an IOC dividend to be received by LIORC and is NOT the declaration by LIORC of a dividend to be paid to LIORC shareholders. LIORC typically declares a