Noranda Income Fund Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Noranda Income Fund in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Noranda Income Fund stock.
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Noranda Income Fund's stock was trading at C$1.68 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, NIF.UN stock has decreased by 34.5% and is now trading at C$1.10.
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1 brokerages have issued twelve-month target prices for Noranda Income Fund's stock. Their forecasts range from C$1.75 to C$1.75. On average, they anticipate Noranda Income Fund's share price to reach C$1.75 in the next twelve months. This suggests a possible upside of 59.1% from the stock's current price.
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Some companies that are related to Noranda Income Fund include NB Global Monthly Income Fund Ltd GBP (NBMI), Schroder Income Growth Fund (SCF), Baronsmead Venture Trust (BVT), Securities Trust of Scotland (STS), Canso Credit Income Fund (PBY.UN), Invesco Perpetual UK Smaller Companies Investment Trust (IPU), Invesco Perpetual Select Trust plc - UK Equity Share Portfolio (IVPU), AFH Financial Group (AFHP), Augmentum Fintech (AUGM), Brompton Split Banc (SBC), Keystone Investment Trust (KIT), Invesco Perpetual Select Trust plc - Balanced Risk Allocation Share Portfolio (IVPB), Auxly Cannabis Group (XLY), Rights & Issues Investment Trust (RIII) and City Merchants High Yield Trust (CMHY).
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Noranda Income Fund trades on the Toronto Stock Exchange (TSX) under the ticker symbol "NIF.UN."

Shares of NIF.UN 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.
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One share of NIF.UN stock can currently be purchased for approximately C$1.10.

Noranda Income Fund has a market capitalization of C$54.99 million and generates C$662.24 million in revenue each year.

Noranda Income Fund employs 537 workers across the globe.

The official website for Noranda Income Fund is www.norandaincomefund.com.

Noranda Income Fund is headquartered at 1st Can Place Suite 6900 Stn 1st Can Place PO Box 403, TORONTO, ON M5X 1E3, Canada.

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 company can be reached via phone at +1-819-2815785.