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PYPL   101.51 (+0.41%)
PFE   49.75 (-0.72%)
NFLX   249.11 (-0.08%)
QQQ   333.06 (+0.81%)
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MSFT   293.47 (+0.53%)
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CGC   3.82 (+15.76%)
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PYPL   101.51 (+0.41%)
PFE   49.75 (-0.72%)
NFLX   249.11 (-0.08%)
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.

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NIF.UN Stock News Headlines

Noranda Income Fund (TSE:NIF.UN) PT Lowered to C$2.00
IMO, iMetal, at 52-Week Highs on News
North American Morning Briefing: Russian Attack -2-
Noranda Income Fund Offers Deep Value In 3 Ways
Noranda Income Fund reports Q4 results
Noranda Income Fund Reports Third Quarter 2019 Financial Results
Noranda Income Fund Confirms Third Quarter 2019 Results Release Date
Noranda Income Fund Announces Management Changes
Noranda Income Fund Announces Terms Agreement
See More Headlines
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Industry, Sector and Symbol

Industry
Asset Management
Sub-Industry
N/A
Sector
Finance
Current Symbol
TSE:NIF.UN
CIK
N/A
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

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$838.32 million
Cash Flow
C$0.01 per share
Book Value
C$4.94 per share

Miscellaneous

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













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

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