Russel Metals Inc. (TSE:RUS – Get Rating) announced a quarterly dividend on Friday, November 25th, TickerTech reports. Investors of record on Thursday, December 15th will be given a dividend of 0.38 per share on Thursday, December 15th. This represents a $1.52 annualized dividend and a yield of 5.22%. The ex-dividend date is Friday, November 25th.
Russel Metals Price Performance
Shares of TSE RUS opened at C$29.14 on Wednesday. The company has a current ratio of 3.21, a quick ratio of 1.44 and a debt-to-equity ratio of 27.05. Russel Metals has a twelve month low of C$23.80 and a twelve month high of C$36.15. The stock has a 50 day moving average of C$27.26 and a two-hundred day moving average of C$27.99. The stock has a market cap of C$1.82 billion and a P/E ratio of 4.44.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on RUS shares. BMO Capital Markets reduced their price objective on Russel Metals from C$36.00 to C$32.00 in a research note on Friday, August 12th. TD Securities cut Russel Metals from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$36.00 to C$35.00 in a research note on Friday, November 11th. Royal Bank of Canada cut Russel Metals from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$35.00 to C$34.00 in a research note on Friday, November 11th. Scotiabank boosted their price objective on Russel Metals from C$37.50 to C$38.00 in a research note on Friday, November 11th. Finally, Stifel Nicolaus boosted their price objective on Russel Metals from C$40.00 to C$41.00 in a research note on Monday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$37.71.
About Russel Metals
Russel Metals Inc operates as a metal distribution company in North America. The company operates through three segments: Metals Service Centers, Energy Products, and Steel Distributors. The Metal Service Centers segment sells plates, flat rolled carbon, stainless steel, aluminum, and other non-ferrous specialty metal products, as well as general line steel products, such as plates, structural shapes, bars, sheets, pipes, tubing, and hollow structural steel tubing.
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