Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Market Cap : $1,427.4 Mil (As of Apr. 30, 2024)

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What is Labrador Iron Ore Royalty Market Cap?

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Labrador Iron Ore Royalty's share price for the quarter that ended in Dec. 2023 was $24.0375. Labrador Iron Ore Royalty's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 64.0 Mil. Therefore, Labrador Iron Ore Royalty's market cap for the quarter that ended in Dec. 2023 was $1,538.4 Mil.

Labrador Iron Ore Royalty's quarterly market cap increased from Jun. 2023 ($1,506.9 Mil) to Sep. 2023 ($1,517.8 Mil) and increased from Sep. 2023 ($1,517.8 Mil) to Dec. 2023 ($1,538.4 Mil).

Labrador Iron Ore Royalty's annual market cap declined from Dec. 2021 ($1,898.9 Mil) to Dec. 2022 ($1,589.1 Mil) and declined from Dec. 2022 ($1,589.1 Mil) to Dec. 2023 ($1,538.4 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Labrador Iron Ore Royalty's Enterprise Value for Today is $1,417.8 Mil.

Labrador Iron Ore Royalty Market Cap Historical Data

The historical data trend for Labrador Iron Ore Royalty's Market Cap can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Labrador Iron Ore Royalty Market Cap Chart

Labrador Iron Ore Royalty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Market Cap

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1,228.80

1,646.72

1,898.88

1,589.12

1,538.40

Labrador Iron Ore Royalty Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Market Cap	Get a 7-Day Free Trial															1,589.12	1,515.52	1,506.88	1,517.85	1,538.40

Competitive Comparison of Labrador Iron Ore Royalty's Market Cap

For the Steel subindustry, Labrador Iron Ore Royalty's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Labrador Iron Ore Royalty's Market Cap Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Labrador Iron Ore Royalty's Market Cap distribution charts can be found below:

* The bar in red indicates where Labrador Iron Ore Royalty's Market Cap falls into.

Labrador Iron Ore Royalty Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Labrador Iron Ore Royalty's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as

Market Cap (A: Dec. 2023 )	=	Share Price (A: Dec. 2023 )	*	Shares Outstanding (EOP) (A: Dec. 2023 )
	=	$24.0375	*	64
	=	$1,538.4

Labrador Iron Ore Royalty's Market Cap for the quarter that ended in Dec. 2023 is calculated as

Market Cap (Q: Dec. 2023 )	=	Share Price (Q: Dec. 2023 )	*	Shares Outstanding (EOP) (Q: Dec. 2023 )
	=	$24.0375	*	64
	=	$1,538.4

Labrador Iron Ore Royalty (OTCPK:LIFZF) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.

Labrador Iron Ore Royalty Market Cap Related Terms

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Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Labrador Iron Ore Royalty Corp (OTCPK:LIFZF) » Definitions » Market Cap

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LIF:Canada

Address

235 Water Street, P.O. Box 610, Suite 1000, Scotia Centre, St. John’s, NL, CAN, A1C 5L3

Website

https://www.labradorironore.com

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. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore. IOC is a Canadian producer of iron ore pellets and concentrate, serving customers worldwide.

Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Headlines

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