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Last C$2.85 CAD
Change Today +0.03 / 1.06%
Volume 98.4K
NIF-U On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 3:59 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

noranda income fund (NIF-U) Snapshot

Open
C$2.80
Previous Close
C$2.82
Day High
C$2.87
Day Low
C$2.79
52 Week High
08/28/14 - C$5.56
52 Week Low
12/1/14 - C$1.98
Market Cap
106.9M
Average Volume 10 Days
93.9K
EPS TTM
C$0.11
Shares Outstanding
37.5M
EX-Date
08/27/15
P/E TM
24.8x
Dividend
C$0.50
Dividend Yield
17.55%
Current Stock Chart for NORANDA INCOME FUND (NIF-U)

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noranda income fund (NIF-U) Details

Noranda Income Fund operates as an unincorporated open-ended trust in Canada. The company, through the Noranda Operating Trust and the Noranda Income Limited Partnership, owns and operates electrolytic zinc processing facility and ancillary assets located in Salaberry-de-Valleyfield, Québec that produces refined zinc metal and various by-products from zinc concentrate. Its products include Jumbo Zinc, a product customized with alloy, for steel customers to enhance the productivity of galvanizing lines; zinc shot, a product that is used to produce electro-galvanized steel for the car industry; and granulated zinc that is used in the production of fertilizers and reagents for the pulp and paper industry. The company’s by-products include sulphuric acid and copper in cake. Noranda Income Fund serves customers primarily in Canada and the United States. The company was founded in 1963 and is headquartered in Toronto, Canada.

574 Employees
Last Reported Date: 03/11/15
Founded in 1963

noranda income fund (NIF-U) Top Compensated Officers

Chief Executive Officer of Canadian Electroly...
Total Annual Compensation: C$248.7K
Chief Financial Officer of Canadian Electroly...
Total Annual Compensation: C$118.2K
Compensation as of Fiscal Year 2014.

noranda income fund (NIF-U) Key Developments

Noranda Income Fund Reports Unaudited Consolidated Earnings and operating Results for the Second Quarter and Six Months Ended June 30, 2015

Noranda Income Fund reported unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenues of $214,362,000 against $150,993,000 a year ago. Earnings before finance costs and income taxes were $21,880,000 against loss before finance costs and income taxes of $1,305,000 a year ago. Earnings before income taxes were $20,394,000 against loss before income taxes of $2,619,000 a year ago. Earnings attributable to unit holders and non-controlling interest were $16,037,000 against loss attributable to unit holders and non-controlling interest of $1,765,000 a year ago. Cash provided by operating activities was $2,829,000 against 12,640,000 a year ago. For the six months, the company reported revenues of $374,833,000 against $305,338,000 a year ago. Earnings before finance costs and income taxes were $38,501,000 against $11,034,000 a year ago. Earnings before income taxes were $35,749,000 against $8,468,000 a year ago. Earnings attributable to unitholders and non-controlling interest were $28,077,000 against $6,742,000 a year ago. Cash used in operating activities was $25,511,000 against cash provided by operating activities of $253,000 a year ago. For the quarter, the company reported zinc metal production of 67,286 tonnes compared to 62,645 tonnes for the same period a year ago. Copper in cake production was 670 tonnes compared to 525 tonnes last year. Sulphuric acid production was 99,786 tonnes compared to 96,760 tonnes last year. For the six months, the company reported zinc metal production of 135,090 tonnes compared to 122,189 tonnes for the same period a year ago. Copper in cake production was 1,295 tonnes compared to 1,092 tonnes last year. Sulphuric acid production was 198,886 tonnes compared to 188,374 tonnes last year.

Noranda Income Fund Announces Distribution for the Month of July 2015, Payable on August 25, 2015

Noranda Income Fund announced that the board of trustees of Noranda Operating Trust has approved a distribution for the month of July 2015 of $0.04167 per priority unit payable on August 25, 2015 to priority unitholders of record as at the close of business on July 31, 2015.

Noranda Income Fund to Report Q2, 2015 Results on Jul 28, 2015

Noranda Income Fund announced that they will report Q2, 2015 results on Jul 28, 2015

 

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Industry Analysis

NIF-U

Industry Average

Valuation NIF-U Industry Range
Price/Earnings 5.4x
Price/Sales 0.1x
Price/Book 0.4x
Price/Cash Flow 1.9x
TEV/Sales NM Not Meaningful
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