Labrador Iron Ore Royalty Corp.

Labrador Iron Ore Royalty Corp.

Labrador Iron Ore Royalty Corp.

Overview
Date Founded

2010

Headquarters

235 Water Street,St. John's, NF A1C 5L3

Type of Company

Public

Industries

Non-Energy Mining & Minerals
Metal Manufacturing & Products

Company Description

Labrador Iron Ore Royalty Corporation (“LIORC”) is a Canadian corporation resulting from the conversion of Labrador Iron Ore Royalty Income Fund (the “Fund”) under an Arrangement effective July 1, 2010. It holds a 15.10% equity interest in Iron Ore Company of Canada (“IOC”) directly and through its wholly-owned subsidiary, Hollinger-Hanna Limited (Hollinger-Hanna), and receives a 7% gross overriding royalty and a 10 cent per tonne commission on all iron ore products produced, sold and shipped by IOC.

Executives & Employees

Director, President & Chief Executive Officer

Chief Financial Officer

Executive Vice President, Secretary & Director

Executive Vice President & Director

Board of Directors

Director & Executive Vice President at E-L Financial Corp. Ltd.

Chairman of the Board, President & Chief Executive Officer at E-L Financial Corp. Ltd.

Executive Vice President, Secretary & Director at Labrador Iron Ore Royalty Corp.

Director, President & Chief Executive Officer at Labrador Iron Ore Royalty Corp.

President & Chief Executive Officer at Ontario Pension Board

Head, Mergers & Acquisitions at The Bank of Nova Scotia

Director at Labrador Iron Ore Royalty Corp.

Executive Vice President & Director at Labrador Iron Ore Royalty Corp.

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Owners & Shareholders
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QV Investors (QVI) manages several pooled investment funds with varying objectives in order to meet clients' varying needs. The QV Funds are the models for the firm's bond, balanced and equity strategies.The Canadian Income Fund seeks to provide investors steady income, earned in Canadian dollars, with low risk to principal. The Fund invests in Canadian high or investment grade bonds and debentures, and to a lesser extent in corporate preferred and common shares. The bonds mature within 5 years. The benchmark is the FTSE TMX Short Term Bond Index.The Canadian Bond Fund seeks to provide investors with interest income and moderate capital appreciation over the long-term. The fund invests in investment grade Canadian fixed income securities, and does not hold preferred shares or equities. It may also invest in longer-term bonds and hold a larger exposure to corporate bonds and non-rated bonds. The benchmark is the FTSE TMX Canada Universe Bond Index.The Canadian Balanced Fund seeks to equal or exceed the average annual return on equity of Canadian companies. Canadian companies. The asset mix methodology is to weight by yield the asset class having the greatest surety. Equities are selected to reduce valuation, growth, credit, liquidity, and industry risks. Bonds are selected for their high quality and ability to offset the volatility found in equities.The QV Canadian Equity Fund invests in larger companies, typically with market-cap over $1 billion and listed on the TSX. The Fund seeks to exceed the average annual return on equity of Canadian companies, and to exceed the return on the S&P/TSX Composite Index and do so with lower volatility. QVI constructs the Fund to exhibit measurably better value, growth, dividend, and credit characteristics than the benchmark while maintaining broad industry diversification.The Canadian Small Cap Equity Fund invests in Canadian small and mid-cap companies, with market-cap above $100 million and up to two times the upper end of the BMO Small Cap Index. The Fund seeks to exceed the average annual return on equity of Canadian companies, to exceed the return on the BMO Small Cap Index, and do so with lower volatility.The Global Equity Fund invests in companies listed outside of Canada on the world's senior markets. It seeks to outperform the MSCI World Index with lower volatility. The Fund focuses on companies with market-cap, greater than $5 billion. The portfolio offers broad equity, industry and regional diversification.

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Taylor Asset Management employs a value-oriented investment process that is research-intensive and inherently risk-sensitive. The firm seeks to deliver top-quartile risk-adjusted returns over the long-term. Their portfolios are highly concentrated. Taylor Asset Management is careful to ensure that as core investments, their portfolios are well-diversified. They take a prudent approach to managing individual security and sector exposures, and continually monitor the stocks in their portfolios to ensure their ongoing suitability. Cash, foreign content and foreign currency hedging are used strategically to help manage risk.

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Barometer Capital Management generally manages portfolios for clients who are more interested in absolute than relative returns. The firm's decision-making models focus on identifying key market and sector trends and then applying fundamental and quantitative criteria to identify leading companies suitable for the current investment environment. Barometer's investment mandates include: Tactical Equity, Tactical Asset Allocation, Income, Canadian Equity and Long/Short Equity. Their liquidity requirements require that all mandates only invest in actively traded securities.The Tactical Equity mandate is a concentrated core portfolio of up to 45 equity securities. It seeks to identify and invest in leading companies in leading sectors. Holdings are not restricted by market-cap, sector or graphical location. The mandate is composed of equity securities without geographic restriction.Barometer's Tactical Asset Allocation mandate is a diversified core portfolio holding up to 60 securities. The income portion of the portfolio may include preferred shares, T-bills, provincial and Canada bonds, corporate and convertible bonds. Equity holdings are not restricted by market-cap or sector. The mandate is composed of equity securities without geographic restriction.The firm's Income mandate is a diversified core portfolio holding up to 60 securities. The mandate may include preferred shares, T-bills, provincial and Canada bonds, corporate and convertible bonds.The firm's Canadian Equity mandate is a concentrated core portfolio of mainly Canadian Equities that may hold up to 45 securities. It seeks to identify leading companies in leading sectors. Holdings of the mandate are not restricted by market-cap or sector. While while most holdings are Canadian equities, Barometer may invest outside Canada.Barometer's Long/Short Equity mandate is a concentrated long/short portfolio of global securities typically comprised of 45 equity securities. It seeks to achieve long-term capital appreciation by investing primarily in leading companies in leading sectors while short selling primarily in weak companies in lagging sectors. Holdings are not restricted by location.

Key Stats and Financials As of 2017
Market Capitalization
$1.74B
Total Enterprise Value
$1.7B
Earnings Per Share
$2.46
Revenue
$158M
Net Profit
$157M
EBITDA
$124M
EBITDAMargin
78.57%
Total Debt
$0
Total Equity
$574M
Enterprise Value Sales
10.74x
Enterprise Value EBITDAOperating
13.67x
TEVNet Income
10.81x
Debt TEV
0x
Three Year Compounded Annual Growth Rate Of Revenue
10.56%
Five Year Compounded Annual Growth Rate Of Revenue
5.03%
Suppliers
Anglo Pacific Group Plc Non-Energy Mining & Minerals | London, GL

Anglo Pacific Group Plc is a natural resources royalty and streaming company. The firm builds a diversified portfolio of royalties and metal streams, focusing on accelerating income growth through acquiring royalties in cash or near-term cash producing assets. It operates through the following segments: Australia Royalties, Americas Royalties, Europe Royalties, and All Other Segments. The Australia Royalties segment includes Kestrel, Narrabri, Four Mile, Pilbara, and Mount Ida. The Americas Royalties segment consists of Amapa and Tucano, Maracas Menchen, Churchrock, and Ring of Fire. The Europe Royalties segment comprises of EVBC, Salamanca, and Bulqiza. The All Other Segments segment covers Jogjakarta, Isua, and Dugbe I; and the group's mining and exploration interests. The company was founded on February 7, 1967 and is headquartered in London, the United Kingdom.