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Is Labrador Iron Ore Royalty a good investment?

Is Labrador Iron Ore Royalty a good investment?

Labrador Iron Ore Royalty was recommended as a Top Pick by on . Read the latest stock experts ratings for Labrador Iron Ore Royalty.

What happened to Labrador iron ore?

What happened? Labrador Iron Ore stock fell by 20% and remained down 16% at the time of writing. This came in after earnings that were quite positive, but management admitted they could take a southern turn. Furthermore, the company remains “entirely dependent” on one joint venture.

Who owns lab iron?

Rio Tinto PLC
IOC is operated by Rio Tinto PLC, a world leader in iron ore mining and processing and IOC’s majority shareholder (58.7%). Mitsubishi Corporation (26.2%) and LIORC (15.1%) are IOC’s other shareholders.

When was Labrador iron ore founded?

It has been producing and processing iron ore since 1954.

How often does Labrador iron ore pay dividends?

How often does Labrador Iron Ore Royalty pay dividends? Labrador Iron Ore Royalty (TSE:LIF) pays Quarterly dividends to shareholders.

What is Lif dividend?

TSE:LIF pays a dividend of C$0.9 per share. TSE:LIF’s annual dividend yield is 16.72%.

What is the royalty on iron ore?

Based on recent iron ore prices of $60 per tonne, iron ore royalty payments -which include the mining lease rental – equate to $4.75 for every tonne mined in Western Australia.

Is Labrador Iron Ore Royalty’s high double digit dividend yield safe?

While the payout is fantastic, it might not be safe or sustainable. Double-digit yields are rare, and for all you know, Labrador could be a dividend trap.

Who is Rio Tinto owned by?

Once the full sum was paid, Rio Tinto would be left with a 50.35% interest in the project and Chalco would have 44.65%. The remaining 5% would be owned by the International Finance Corporation (IFC), the financing arm of the World Bank.

Where does Canada get its iron ore?

Most of Canada’s iron ore comes from the Labrador Trough region bordering Quebec and Newfoundland and Labrador. A substantial amount is also produced in Nunavut.

What is the ex dividend date for Labrador iron and ore?

TSE:LIF pays a dividend of C$0.9 per share. TSE:LIF’s annual dividend yield is 16.72%. When is Labrador Iron Ore ex-dividend date? Labrador Iron Ore’s upcoming ex-dividend date is on Jun 28, 2022.

Is LIF a good stock to buy?

The TMX Group’s website lists Labrador Iron Ore Royalty (TSX:LIF) as one of the stocks that pays the highest dividends. As of this writing, the royalty stock trades at $43.21 per share and yields an ultra-high 10.72%. The payout is very attractive, especially to yield-thirsty investors.

Is mining royalty a tax?

Royalty qualifies as tax: It is a settled position of law that royalty paid under a mining lease is in the nature of tax and thus GST/service tax cannot be imposed on royalty since a tax cannot be in the nature of a payment for services rendered by the government.

How are mining royalties paid?

A royalty is a fee that is imposed by local, state or federal governments on either the amount of minerals produced at a mine or the revenue or profit generated by the minerals sold from a mine. A royalty can be imposed as either a “net” or “gross” royalty.

What is the price of iron ore?

Iron Ore is expected to trade at 96.68 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

What color is pure iron?

dark silvery-gray
Pure iron is a soft, lustrous, dark silvery-gray metal. Iron is a strongly reactive metal, being very reactive with acids, and forms oxides, commonly known as rust, with air and water. Many reddish or orange colored rocks gain this color from the rusting of iron within the rocks.

Who created iron?

Archeologists believe that iron was discovered by the Hittites of ancient Egypt somewhere between 5000 and 3000 BCE. During this time, they hammered or pounded the metal to create tools and weapons.

Is Labrador iron ore royalty (LIF) a great dividend paying stock?

Labrador Iron Ore Royalty pays an annual dividend of C$3.30 per share and currently has a dividend yield of 10.08%. LIF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Labrador Iron Ore Royalty is 79.14%.

What is Labrador iron ore Royalty Corporation?

Labrador Iron Ore Royalty Corporation is a Canadian publicly traded company that provides investors exposure to the iron ore market through its royalty, commission and minority equity interests in Iron Ore Company of Canada, a leading North American producer and exporter of premium iron ore pellets and high-grade concentrate. Why Invest?

Where is the Iron Ore Company of Canada located?

It owns interests in Iron Ore Company of Canada which operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from the company. The company was founded in 1995 and is headquartered in Toronto, Canada.