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Opinions Keith Richards
Labrador Iron Ore RoyaltyLIF.TOCOMMENTAug 01, 2023
$31.14
Stock price when the opinion was issued
$28.36
As of Jun 19, 2026. Market Open.
Financial Services
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BUY
Owns this personally. Earnings and dividends are erratic, depending on the volatile price of iron ore. But once in a while they pay an amazing, special dividend. Pays a 5.6% dividend.
Michael SprungOwned
Financial Services
Unspecified
It is an interesting company which typically has a great yield. However its capital fluctuates based on the underlying commodity. Don't buy it if you don't like volatility.
Michael SprungOwned
Financial Services
BUY
Can be extremely volatile. Dividend depends on iron ore market and can fluctuate wildly. A good company to own, tuck it away, don't look at it, and collect the dividends. Over time, he's earned as much in dividends as he has in capital gains and losses in the stock. Tremendous company.
Michael SprungOwned
Financial Services
BUY ON WEAKNESS
Dividend fluctuates dramatically year to year. If you hold it for the longer term, it works out to a good rate of return. Iron ore can have pretty wide swings, and going into a recession will probably be under significant pressure.
Michael SprungOwned
Financial Services
PARTIAL BUY
Did well earlier this year in the base metals rally, but inflation and the Russian invasion hit and wider market sentiment has since plunged. Long-term, LIF is great, though. Their royalty structure creates nice cash flow, and it pays a variable dividend that should remain reasonably high. Shares have fallen a lot, so you can start looking into an entry point.
Financial Services
BUY ON WEAKNESS
Royalty on each shipment, not mining themselves. Good way to play the sector. Good yield. Entry point is important. If you own it, hold. They pay out to shareholders what they receive. High yield could be a warning, but this company trades solidly between $20 and $40. Yield is 13%.
Financial Services
He likes materials now and this is a materials stock. It's coming off its support level and has made a descending triangle (lower peaks in the past 2 years, but the low has been steady). This could, maybe, breakout. Looks okay. Could benefit if money rotates out of high-flying tech.