Russel Metals - RUSMF Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Russel Metals in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RUSMF shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RUSMF, but not buy additional shares or sell existing shares.
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2 brokers have issued 1 year price targets for Russel Metals' shares. Their RUSMF share price forecasts range from $34.00 to $44.00. On average, they expect the company's stock price to reach $38.33 in the next twelve months. This suggests a possible upside of 55.4% from the stock's current price.
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Russel Metals' stock was trading at $21.47 at the beginning of the year. Since then, RUSMF shares have increased by 14.9% and is now trading at $24.67.
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Russel Metals saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 753,500 shares, a decline of 68.2% from the February 28th total of 2,366,300 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is currently 502.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
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Russel Metals (OTCMKTS:RUSMF) pays an annual dividend of $1.43 per share and currently has a dividend yield of 7.30%. RUSMF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 82.43%. Payout ratios above 75% are not desirable because they may not be sustainable.

Russel Metals trades on the OTCMKTS under the ticker symbol "RUSMF."

Shares of RUSMF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RUSMF stock can currently be purchased for approximately $24.67.

The company employs 3,300 workers across the globe.

Russel Metals' mailing address is 6600 Financial Drive, Mississauga, ON L5N. The official website for the company is www.russelmetals.com. The company can be reached via phone at (905) 819-7777.