Noranda Aluminum plans quarterly dividend of $0.04 (NOR)

Noranda Aluminum Holding Corp. declared a quarterly dividend on Wednesday, July 24th, Stock Ratings Network reports. Investors of record on Monday, August 5th will be given a dividend of $0.04 per share on Wednesday, August 28th. This represents a $0.16 dividend on an annualized basis and a yield of 4.97%.

Several analysts have recently commented on the stock. 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. They now have a $3.50 price target on the stock, down previously from $4.25. On the ratings front, analysts at Zacks downgraded shares of Noranda Aluminum Holding Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, July 19th. They now have a $3.20 price target on the stock. Finally, analysts at Jefferies Group reiterated a “neutral” rating on shares of Noranda Aluminum Holding Corp. in a research note to investors on Monday, July 8th. They now have a $4.25 price target on the stock, down previously from $4.75.

Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Noranda Aluminum Holding Corp. has a consensus rating of “Hold” and a consensus target price of $4.49.

Shares of Noranda Aluminum Holding Corp. traded down 3.11% during mid-day trading on Thursday, hitting $3.12. Noranda Aluminum Holding Corp. has a one year low of $3.16 and a one year high of $7.85. The stock’s 50-day moving average is currently $3.5. The company has a market cap of $211.8 million and a P/E ratio of 6.56.

Noranda Aluminum Holding Corp. last released its 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 $-0.32 earnings per share for the current fiscal year.

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