Noranda Aluminum holding now covered by BMO Capital Markets (NOR)

Research analysts at BMO Capital Markets began coverage on shares of Noranda Aluminum Holding in a report released on Monday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.

A number of other firms have also recently commented on NOR. Analysts at Zacks upgraded shares of Noranda Aluminum Holding from a “neutral” rating to an “outperform” rating in a research note on Tuesday, November 4th. They now have a $4.70 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Noranda Aluminum Holding in a research note on Tuesday, November 4th. They now have a $5.20 price target on the stock, up previously from $4.60. Finally, analysts at Bank of America reiterated an “underperform” rating on shares of Noranda Aluminum Holding in a research note on Tuesday, November 4th. They now have a $4.00 price target on the stock, up previously from $3.00. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Noranda Aluminum Holding presently has an average rating of “Hold” and an average target price of $5.23.

Noranda Aluminum Holding (NYSE:NOR) traded down 0.77% on Monday, hitting $3.87. The stock had a trading volume of 972,917 shares. Noranda Aluminum Holding has a 52 week low of $2.30 and a 52 week high of $5.64. The stock’s 50-day moving average is $4.01 and its 200-day moving average is $3.98. The company’s market cap is $266.5 million.

Noranda Aluminum Holding (NYSE:NOR) last issued its quarterly earnings data on Monday, November 3rd. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.02. The company had revenue of $361.40 million for the quarter, compared to the consensus estimate of $372.90 million. During the same quarter in the prior year, the company posted ($0.30) earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts expect that Noranda Aluminum Holding will post $-0.30 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, December 8th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Monday, November 10th.

Noranda Aluminum Holding Corporation (NYSE:NOR) is a North American integrated producer of aluminum products and rolled aluminum coils.