Noranda Aluminum Holding Corp. upgraded to Hold rating by Reuters

Analysts at Thomson Reuters upgraded Noranda Aluminum Holding Corp. from a “sell” to a “hold” rating in their research report that they have issued for the investors and clients, reported Stock Ratings Network.com.

Separately, Noranda Aluminum Holding Corp shares were downgraded by analysts at TheStreet from a “hold” to a “sell” rating in a research note. The stock have been rated by two equities analysts with a sell rating, a hold rating by six analyst and a buy rating by a single analyst. Currently Noranda Aluminum Holding Corp. has a consensus rating of “Hold” and also an average price target of about $3.29.

During mid-day training, Noranda Aluminum Holding Corp. shares traded up 0.93%, hitting $4.35. The stock had a total trading volume of 373,471 shares. The corporation has a 1-year low of $2.21 and a 1-year high of $4.85. The 50-day moving average of the stock is $3.49 while the 200-day moving average is $2.92. The company’s market cap is $296.2 million.

On Feb 19th, the company posted the quarterly earnings results. The company also reported a total earning of $0.12 per share for this quarter and this figure has beaten the consensus estimate of the analysts ($0.19) by $0.31. Compared to the consensus estimate of a sum of $296.14 million for this quarter, the company earned total revenue of $339.90 million.

Recently the company even declared a quarterly dividend, scheduled for March 26. Shareholders of record will be given a dividend of $0.01 per share. This means the company will give a total dividend of $0.04 dividend annually and a yield of 0.93%.

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