Noranda Aluminum Holding Corp. Receives Average Rating of “Hold” from Analysts

Noranda Aluminum Holding Corp. has earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, American Banking & Market News reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $3.29.

Noranda Aluminum Holding Corp. last released its earnings data on Wednesday, February 19th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.19) by $0.31. The company had revenue of $339.90 million for the quarter, compared to the consensus estimate of $296.14 million.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 26th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, February 27th.

Separately, analysts at TheStreet downgraded shares of Noranda Aluminum Holding Corp. from a “hold” rating to a “sell” rating in a research note on Friday, February 21st.

Noranda Aluminum Holding Corporation is a North American integrated producer of aluminum products and rolled aluminum coils.