Russel Metals (RUS) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Russel Metals in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" RUS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RUS, but not buy additional shares or sell existing shares.
View RUS analyst ratings or view top-rated stocks.

5 brokers have issued 12-month price targets for Russel Metals' shares. Their RUS share price forecasts range from C$38.00 to C$45.50. On average, they anticipate the company's stock price to reach C$42.07 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price.
View analysts price targets for RUS or view top-rated stocks among Wall Street analysts.

Russel Metals' stock was trading at C$28.78 on January 1st, 2023. Since then, RUS shares have increased by 29.4% and is now trading at C$37.25.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our RUS earnings forecast.

Russel Metals Inc. (TSE:RUS) announced its quarterly earnings results on Thursday, August, 10th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.27 by $0.10. The company earned $1.19 billion during the quarter, compared to analysts' expectations of $1.26 billion. Russel Metals had a net margin of 6.49% and a trailing twelve-month return on equity of 20.12%.

Russel Metals announced a quarterly dividend on Monday, August 28th. Stockholders of record on Friday, September 15th will be given a dividend of 0.40 per share on Friday, September 15th. This represents a $1.60 annualized dividend and a yield of 4.30%. The ex-dividend date is Monday, August 28th.
Read our dividend analysis for RUS.

Russel Metals (TSE:RUS) pays an annual dividend of C$1.60 per share and currently has a dividend yield of 4.24%. RUS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 32.39%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for RUS.

Based on aggregate information from My MarketBeat watchlists, some companies that other Russel Metals investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Toronto-Dominion Bank (TD), Enbridge (ENB), Open Text (OTEX).

Russel Metals trades on the Toronto Stock Exchange (TSX) under the ticker symbol "RUS."

Shares of RUS 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.
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One share of RUS stock can currently be purchased for approximately C$37.25.

Russel Metals (TSE:RUS) has a market capitalization of C$2.28 billion and generates C$4.75 billion in revenue each year. The company earns C$308.10 million in net income (profit) each year or C$4.94 on an earnings per share basis.

The company employs 3,350 workers across the globe.

Russel Metals' mailing address is 6600 Financial Dr, MISSISSAUGA, ON L5N 7J6, Canada. The official website for the company is www.russelmetals.com. The company can be reached via phone at +1-905-8197777.