TSE:MRD - Melcor Developments Stock Price, Forecast & News

Melcor Developments trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MRD."

Melcor Developments announced a quarterly dividend on Wednesday, November 6th. Stockholders of record on Monday, December 16th will be paid a dividend of 0.12 per share on Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Friday, December 13th. View Melcor Developments' Dividend History.

Melcor Developments is scheduled to release their next quarterly earnings announcement on Wednesday, March 11th 2020. View Earnings Estimates for Melcor Developments.

1 equities research analysts have issued 12 month target prices for Melcor Developments' stock. Their forecasts range from C$13.50 to C$13.50. On average, they expect Melcor Developments' share price to reach C$13.50 in the next year. This suggests a possible upside of 8.0% from the stock's current price. View Analyst Price Targets for Melcor Developments.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melcor Developments in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Melcor Developments.

News articles about MRD stock have trended very negative on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Melcor Developments earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Melcor Developments.

Some companies that are related to Melcor Developments include DIC Asset (DIC), Lifestyle Communities (LIC), WCM Beteiligungs und Grundbesitz (WCMK), Peet (PPC), Harworth Group (HWG), Consolidated-Tomoka Land (CTO), Finbar Group (FRI), Sunland Group (SDG), Raven Property Group (RAV), Macau Property Opportunities Fund (MPO), Halmont Properties (HMT), Income Opportunity Realty Investors (IOR), OnTheMarket (OTMP), Terra Firma Capital (TII) and Hunters Property (HUNT).

Based on aggregate information from My MarketBeat watchlists, some companies that other Melcor Developments investors own include Royal Bank of Canada (RY), Fifth Third Bancorp (FITB), Apache (APA), JPMorgan Chase & Co. (JPM), Marathon Petroleum (MPC), Marathon Oil (MRO), National Grid (NGG), Occidental Petroleum (OXY), Statoil (STO) and Wells Fargo & Co (WFC).

Shares of MRD and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.

One share of MRD stock can currently be purchased for approximately C$12.50.

Melcor Developments has a market capitalization of C$415.74 million and generates C$249.90 million in revenue each year. Melcor Developments employs 147 workers across the globe.View Additional Information About Melcor Developments.

The official website for Melcor Developments is http://www.melcor.ca/.

Melcor Developments' mailing address is 10310 Jasper Ave NW Suite 900, EDMONTON, AB T5J 1Y8, Canada. The company can be reached via phone at +1-780-4236931.