Westshore Terminals Investment (TSE:WTE) Hits New 1-Year High - Should You Buy?

Westshore Terminals Investment Co. (TSE:WTE - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$28.10 and last traded at C$27.93, with a volume of 47507 shares trading hands. The stock had previously closed at C$27.52.

Analyst Ratings Changes

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

Westshore Terminals Investment Trading Up 1.9%

The business has a 50 day moving average of C$26.37 and a two-hundred day moving average of C$24.78. 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 firm has a market cap of C$1.77 billion, a P/E ratio of 16.64 and a beta of 0.86.

Westshore Terminals Investment Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 5.24%. Westshore Terminals Investment's dividend payout ratio is currently 87.28%.

Westshore Terminals Investment Company Profile

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.