Westshore Terminals Investment (TSE:WTE) Sets New 1-Year High - Still a Buy?

Westshore Terminals Investment Co. (TSE:WTE - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$26.54 and last traded at C$26.52, with a volume of 40141 shares traded. The stock had previously closed at C$26.34.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded shares of Westshore Terminals Investment from a "hold" rating to a "moderate buy" rating and raised their target price for the stock from C$23.00 to C$30.00 in a report on Tuesday, May 20th.

Westshore Terminals Investment Price Performance

The company has a current ratio of 1.08, a quick ratio of 2.07 and a debt-to-equity ratio of 62.46. The stock has a market capitalization of C$1.64 billion, a P/E ratio of 15.44 and a beta of 0.86. The stock has a 50 day moving average of C$24.45 and a 200-day moving average of C$23.85.

Westshore Terminals Investment Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 5.65%. Westshore Terminals Investment's payout ratio is 87.28%.

About Westshore Terminals Investment

Westshore Terminals Investment Corporation is a Canada-based company, which owns the Westshore Terminals Limited Partnership. The company operates a coal storage and loading terminal at Roberts Bank, British Columbia, and revenue is derived from rates charged for loading coal onto seagoing vessels. The company services coal from mines in British Columbia, Alberta, and the northwestern United States.