TSE:NIF.UN

Noranda Income Fund - NIF.UN Stock Forecast, Price & News

C$1.13

+0.01 (+0.89%)

(As of 08/15/2022 12:00 AM ET)

Add

Compare

Today's Range: C$1.11
▼
C$1.16
50-Day Range: C$1.12
▼
C$1.45
52-Week Range: C$0.92
▼
C$1.98

Volume: 49,100 shs
Average Volume: 32,639 shs
Market Capitalization: C$56.49 million

P/E Ratio: 1.40
Dividend Yield: N/A
Price Target: C$2.00

About Noranda Income Fund

Noranda Income Fund operates as an income trust. The company owns electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Québec that produces refined zinc metal and various by-products from zinc concentrate. Its products include jumbo zinc, a product customized with alloy for steel customers to enhance the productivity of galvanizing lines; zinc shot, a product that is used to produce electro-galvanized steel for the car industry; and granulated zinc that is used in the production of fertilizers and reagents for the pulp and paper industry. The company's by-products comprise copper cake, cadmium, and sulphuric acid. It serves customers in Canada, the United States, and internationally. The company was founded in 1963 and is headquartered in Toronto, Canada.

Analysts Set New Price Targets

Separately, TD Securities decreased their target price on shares of Noranda Income Fund from C$2.50 to C$2.00 and set a "buy" rating for the company in a research note on Wednesday, July 27th.

Noranda Income Fund Stock Performance

NIF.UN traded down C$0.01 during mid-day trading on Monday, reaching C$1.11. 32,300 shares of the company traded hands, compared to its average volume of 32,526. The stock has a market capitalization of C$55.49 million and a P/E ratio of 1.38. The company has a quick ratio of 0.74, a current ratio of 1.83 and a debt-to-equity ratio of 105.42. The company's fifty day moving average price is C$1.23 and its 200-day moving average price is C$1.40. Noranda Income Fund has a 52-week low of C$0.92 and a 52-week high of C$1.98.

Receive NIF.UN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Noranda Income Fund and its competitors with MarketBeat's FREE daily newsletter.

NIF.UN Stock News Headlines

July 29, 2022 | americanbankingnews.com

Noranda Income Fund (TSE:NIF.UN) PT Lowered to C$2.00

May 30, 2022 | finance.yahoo.com

Shareholders in Noranda Income Fund (TSE:NIF.UN) are in the red if they invested three years ago

April 8, 2022 | baystreet.ca

IMO, iMetal, at 52-Week Highs on News

February 25, 2022 | morningstar.com

North American Morning Briefing: Russian Attack -2-

November 2, 2021 | finance.yahoo.com

Noranda Income Fund Announces Third Quarter 2021 Results; Executive Officer Appointments

July 20, 2021 | ca.finance.yahoo.com

Noranda Income Fund Confirms Second Quarter 2021 Results Release Date

April 9, 2021 | markets.businessinsider.com

Noranda Income Fund Supports Mass Vaccination Efforts in Salaberry-de-Valleyfield Region

September 1, 2020 | finance.yahoo.com

The Returns On Capital At Noranda Income Fund (TSE:NIF.UN) Don't Inspire Confidence

July 28, 2020 | seekingalpha.com

Noranda Income Fund Offers Deep Value In 3 Ways

July 22, 2020 | finance.yahoo.com

Noranda Income Fund Confirms Second Quarter 2020 Results Release Date

May 6, 2020 | markets.businessinsider.com

Noranda Income Fund Confirms First Quarter 2020 Results Release Date

April 2, 2020 | markets.businessinsider.com

Noranda Income Fund Provides COVID-19 Business Update; Maintains Its Priority Manufacturing Activities

March 12, 2020 | www.globenewswire.com

NORANDA INCOME FUND ANNOUNCES TERMS FOR 2020/2021 CONTRACTUAL PERIOD

February 26, 2020 | seekingalpha.com

Noranda Income Fund reports Q4 results

November 7, 2019 | markets.businessinsider.com

Noranda Income Fund Reports Third Quarter 2019 Financial Results

October 17, 2019 | markets.businessinsider.com

Noranda Income Fund Confirms Third Quarter 2019 Results Release Date

April 18, 2019 | www.globenewswire.com

Noranda Income Fund to Release 2019 First Quarter Results and Hold Annual General Meeting

March 26, 2019 | www.globenewswire.com

Noranda Income Fund Announces Management Changes

March 8, 2019 | www.globenewswire.com

Noranda Income Fund Announces Terms Agreement

December 18, 2018 | globenewswire.com

Noranda Income Fund Announces the Special Distribution of 2018 Taxable Income

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

Receive NIF.UN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Noranda Income Fund and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Asset Management
Sub-Industry: N/A
Sector: Finance
Current Symbol: TSE:NIF.UN
CUSIP: N/A
CIK: N/A
Web: www.norandaincomefund.com
Phone: +1-819-2815785
Fax: N/A
Employees: 537
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$2.00
High Stock Price Forecast: C$2.00
Low Stock Price Forecast: C$2.00
Forecasted Upside/Downside: +77.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 1.40
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 105.42
Current Ratio: 1.83
Quick Ratio: 0.74

Sales & Book Value

Annual Sales: C$838.32 million
Price / Sales: 0.07
Cash Flow: C$0.01 per share
Price / Cash Flow: 86.15
Book Value: C$4.94 per share
Price / Book: 0.23

Miscellaneous

Outstanding Shares: 49,990,000
Free Float: N/A
Market Cap: C$56.49 million
Optionable: Not Optionable
Beta: N/A

Key Executives

Mr. Paul Einarson
VP & CFO of Canadian Electrolytic Zinc Limited
Liana Centomo
CEO & Pres of Canadian Electrolytic Zinc Limited
Martin Fillion
Chief Operating Officer of Canadian Electrolytic Zinc Limited
Mr. Ginette Berthel
Corp. Sec. of Canadian Electrolytic Zinc Limited

Key Competitors

View All Competitors

NIF.UN Stock - Frequently Asked Questions

Should I buy or sell Noranda Income Fund stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Noranda Income Fund in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" NIF.UN shares.
View NIF.UN analyst ratings or view top-rated stocks.
What is Noranda Income Fund's stock price forecast for 2022?: 1 analysts have issued 1 year price objectives for Noranda Income Fund's shares. Their NIF.UN share price forecasts range from C$2.00 to C$2.00. On average, they anticipate the company's share price to reach C$2.00 in the next twelve months. This suggests a possible upside of 77.0% from the stock's current price.
View analysts price targets for NIF.UN or view top-rated stocks among Wall Street analysts.
How have NIF.UN shares performed in 2022?: Noranda Income Fund's stock was trading at C$1.34 at the beginning of 2022. Since then, NIF.UN stock has decreased by 15.7% and is now trading at C$1.13.
View the best growth stocks for 2022 here.
What is Noranda Income Fund's stock symbol?: Noranda Income Fund trades on the Toronto Stock Exchange (TSX) under the ticker symbol "NIF.UN."

How do I buy shares of Noranda Income Fund?: Shares of NIF.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.
What is Noranda Income Fund's stock price today?: One share of NIF.UN stock can currently be purchased for approximately C$1.13.
How much money does Noranda Income Fund make?: Noranda Income Fund (TSE:NIF.UN) has a market capitalization of C$56.49 million and generates C$838.32 million in revenue each year.
How many employees does Noranda Income Fund have?: The company employs 537 workers across the globe.
How can I contact Noranda Income Fund?: Noranda Income Fund's mailing address is 1st Can Place Suite 6900 Stn 1st Can Place PO Box 403, TORONTO, ON M5X 1E3, Canada. The official website for the company is www.norandaincomefund.com. The company can be reached via phone at +1-819-2815785.

This page (TSE:NIF.UN) was last updated on 8/15/2022 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms