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 annualized dividend and a dividend yield of 3.84%. The ex-dividend date 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 analysts have issued 12 month price targets for Melcor Developments' shares. Their forecasts range from C$13.50 to C$13.50. On average, they expect Melcor Developments' stock 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.

Media stories about MRD stock have trended very negative this week, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Melcor Developments earned a news impact score of -3.4 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. 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), Halmont Properties (HMT), Macau Property Opportunities Fund (MPO), 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.