Added to YB: 2026-03-02
Pitch date: 2026-02-27
SRL [neutral]
Scully Royalty Ltd.
Author Info
No bio for this author
Company Info
Scully Royalty Ltd. operates as an iron ore mining company in the Americas, Africa, Canada, Asia, and Europe.
Market Cap
$186.0M
Pitch Price
N/A
Price Target
40.00 (+344%)
Dividend
11.65%
EV/EBITDA
1.4K
P/E
-64.16
EV/Sales
5.00
Sector
Metals and Mining
Category
special_situation
Scully Royalty Ltd (NYSE: SRL) Update
SRL (update): Iron ore royalty to 2055 on premium Fe (>65%) Newfoundland mine. Tacora exited bankruptcy w/$250M injection, targeting 6Mtpa nameplate vs ~3Mtpa now. New activist board (MILFAM 13%, Kellogg 34.8%) fired CEO Morrow, cutting SG&A, reviewing merchant banking losses. RBI litigation: $77-106M range for base/bull settlement on alleged 2017 asset transfers. $40 PT assumes 95% utilization, reduced costs, steady iron prices to 2047.
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