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Noranda Aluminum hits new 52-week low at $3.01
Edited by : AL CIRCLE
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Shares of Noranda Aluminum Holding Corp. hit a new 52-week low during trading on Monday, StockRatingsNetwork reports. The stock traded as low as $3.01 and last traded at $3.02, with a volume of 275,816 shares trading hands. The stock had previously closed at $3.10.
A number of analysts have recently weighed in on NOR shares. Analysts at Merrill Lynch downgraded shares of Noranda Aluminum Holding Corp. to an “underperform” rating in a research note to investors on Friday. Separately, analysts at Bank of America Corp. downgraded shares of Noranda Aluminum Holding Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. Finally, analysts at UBS AG downgraded shares of Noranda Aluminum Holding Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, July 25th. They now have a $3.50 price target on the stock, down previously from $4.25.
Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $4.39.
Noranda Aluminum Holding Corp. has a 52-week low of $3.02 and a 52-week high of $7.85. The stock’s 50-day moving average is $3.2 and its 200-day moving average is $4.07. The company’s market cap is $204.7 million.
Noranda Aluminum Holding Corp. (NYSE:NOR) last issued its quarterly earnings data on Wednesday, July 24th. The company reported ($0.16) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.14) by $0.02. The company had revenue of $352.00 million for the quarter, compared to the consensus estimate of $340.08 million. During the same quarter last year, the company posted $0.11 earnings per share. Noranda Aluminum Holding Corp.’s revenue was down 5.3% compared to the same quarter last year. On average, analysts predict that Noranda Aluminum Holding Corp. will post $-0.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 28th. Stockholders of record on Monday, August 5th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend is Thursday, August 1st.
Noranda Aluminum Holding Corporation is a North American integrated producer of aluminum products and rolled aluminum coils.
A number of analysts have recently weighed in on NOR shares. Analysts at Merrill Lynch downgraded shares of Noranda Aluminum Holding Corp. to an “underperform” rating in a research note to investors on Friday. Separately, analysts at Bank of America Corp. downgraded shares of Noranda Aluminum Holding Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. Finally, analysts at UBS AG downgraded shares of Noranda Aluminum Holding Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, July 25th. They now have a $3.50 price target on the stock, down previously from $4.25.
Four equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $4.39.
Noranda Aluminum Holding Corp. has a 52-week low of $3.02 and a 52-week high of $7.85. The stock’s 50-day moving average is $3.2 and its 200-day moving average is $4.07. The company’s market cap is $204.7 million.
Noranda Aluminum Holding Corp. (NYSE:NOR) last issued its quarterly earnings data on Wednesday, July 24th. The company reported ($0.16) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.14) by $0.02. The company had revenue of $352.00 million for the quarter, compared to the consensus estimate of $340.08 million. During the same quarter last year, the company posted $0.11 earnings per share. Noranda Aluminum Holding Corp.’s revenue was down 5.3% compared to the same quarter last year. On average, analysts predict that Noranda Aluminum Holding Corp. will post $-0.57 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 28th. Stockholders of record on Monday, August 5th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend is Thursday, August 1st.
Noranda Aluminum Holding Corporation is a North American integrated producer of aluminum products and rolled aluminum coils.
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