Is Labrador iron mines a good investment?
There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should “buy” Labrador Iron Mines stock. View analyst ratings for Labrador Iron Mines or view top-rated stocks.
Will Lbrmf stock go up?
Will Labrador Iron Mines Holdings stock price grow / rise / go up? Yes. The LBRMF stock price can go up from 0.120 USD to 0.212 USD in one year.
Why is Lif dividend so high?
Those special dividends are the result of excess cash flow because of rising prices. In fact, the company paid out more than 2.5X the income over the last 3 quarters than it did in all of 2018. So, the company’s dividend is likely to remain high as long as iron ore prices follow suit.
What is the royalty on iron ore?
The government of India will increase the royalty it imposes on sales of iron ore by 5% to 15% ad valorem. The royalty is calculated as a percentage of the sales price on an ex-mines basis.
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.
How much money does Australia make from iron ore?
Iron ore is Australia’s largest source of export revenue, worth $117 billion (approximately US$85 billion) in 2017.
Is mining royalty a tax?
The central government specifies the royalty payments for each mineral and the state government collects the royalty on mining. Royalty in most cases is charged on an ad valorem basis as a percentage of the price notified by the government. Any enhancement to the royalty can only be made once every three years.
Why is Labrador iron ore dividend so high?
So as you can see, the price of iron ore has skyrocketed in 2020 and 2021, and as a result so has LIORC’s dividend. Those special dividends are the result of excess cash flow because of rising prices. In fact, the company paid out more than 2.5X the income over the last 3 quarters than it did in all of 2018.
Does China need Australian iron ore?
Over 2020, China bought 81 per cent of all the iron ore Australia shipped overseas. But Beijing has indicated it’s growing increasingly resentful of its dependence on Australia’s US$211.91-a-tonne commodity – which is more than double the price of a year ago.
How much iron ore do we sell to China?
China accounted for about 85 per cent of the $17.6 billion in iron ore exported, the value of which was bolstered by supply constraints pushing the spot price to record highs above $US200 ($271) per tonne.
What do royalties do?
Royalties are payments to owners of property for use of that property. Royalties often deal with payments for the right to use intellectual property (IP), such as copyrights, patents, and trademarks.