Labrador Iron Ore Royalty: Top 10 Undervalued Steel Industry Stocks (LIF)
Labrador Iron Ore Royalty is now ranked among the top 10 undervalued stocks in the Steel industry on the Toronto Stock Exchange or TSX Venture Exchange.
- A stock is considered undervalued if it trades at a discount to its valuation – a calculation used to determine the intrinsic (true) worth of a company
- Valuation methodology provided by Stockcalc (see below)
Steel: Companies that produce coking coal.
Stocks in this category are held primarily for capital appreciation.
| Symbol | Name | Close Price ($) | Valuation ($) | Difference | Average Vol (30D) | Market Cap ($M) | Yield (%) | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
| CSO | Corsa Coal | 0.36 | 0.63 | 0.27 (75.7%) | 67623 | 38.1 | 0.0 | 2.2 |
| LIF | Labrador Iron Ore Royalty | 30.44 | 31.23 | 0.79 (2.6%) | 122507 | 1953.9 | 8.4 | 10.8 |
| ASTL | Algoma Steel Group | 11.33 | 11.42 | 0.09 (0.8%) | 60405 | 1230.4 | 2.4 | 17.7 |
All data provided as of February 26, 2024.
The list is sorted by stocks with the greatest percentage difference between valuation and price.
Labrador Iron Ore Royalty
Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC.
Labrador Iron Ore Royalty is listed under LIF on the Toronto Stock Exchange.
Stockcalc
StockCalc is a Canadian fintech company specializing in fundamental valuations for North American stocks and ETFs.
Stockcalc valuations (https://www.stockcalc.com/Resources) can help determine if a stock is undervalued. Stockcalc’s Weighted Average Valuation (WAV) is based on a proprietary calculation using model and analyst inputs, including:
- Discounted Cash Flow (DCF)
- Price & Other Comparables
- Multiples
- Adjusted Book Value (ABV)
- Analyst Consensus
Artificial Intelligence at Report on Business
Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.
