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NIF.UN Stock Overview
Noranda Income Fund operates as an income trust. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
Community vs My Fair Value
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Noranda Income Fund Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$1.98 |
| 52 Week High | CA$1.99 |
| 52 Week Low | CA$0.26 |
| Beta | 1.46 |
| 1 Month Change | 35.62% |
| 3 Month Change | 106.25% |
| 1 Year Change | 33.78% |
| 3 Year Change | 63.64% |
| 5 Year Change | 51.15% |
| Change since IPO | -80.16% |
Recent News & Updates
Shareholder Returns
| NIF.UN | CA Metals and Mining | CA Market | |
|---|---|---|---|
| 7D | 0.5% | -2.2% | 0.3% |
| 1Y | 33.8% | 34.5% | 11.3% |
Return vs Industry: NIF.UN exceeded the Canadian Metals and Mining industry which returned -17.6% over the past year.
Return vs Market: NIF.UN exceeded the Canadian Market which returned -11.7% over the past year.
Price Volatility
| NIF.UN volatility | |
|---|---|
| NIF.UN Average Weekly Movement | 16.4% |
| Metals and Mining Industry Average Movement | 10.9% |
| Market Average Movement | 8.6% |
| 10% most volatile stocks in CA Market | 17.4% |
| 10% least volatile stocks in CA Market | 3.4% |
Stable Share Price: NIF.UN's share price has been volatile over the past 3 months.
Volatility Over Time: NIF.UN's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1961 | n/a | Paul Einarson | www.norandaincomefund.com |
Noranda Income Fund operates as an income trust. The company owns an 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; zinc slab, a general commodity grade metal; and granulated zinc, which is used in the production of fertilizers and reagents for the pulp and paper industry.
Noranda Income Fund Fundamentals Summary
| NIF.UN fundamental statistics | |
|---|---|
| Market cap | CA$98.86m |
| Earnings (TTM) | CA$17.68m |
| Revenue (TTM) | CA$1.22b |
4.2x
P/E Ratio0.1x
P/S RatioIs NIF.UN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NIF.UN income statement (TTM) | |
|---|---|
| Revenue | US$887.61m |
| Cost of Revenue | US$839.38m |
| Gross Profit | US$48.24m |
| Other Expenses | US$35.35m |
| Earnings | US$12.89m |
Last Reported Earnings
Sep 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.34 |
| Gross Margin | 5.43% |
| Net Profit Margin | 1.45% |
| Debt/Equity Ratio | 108.3% |
How did NIF.UN perform over the long term?
See historical performance and comparisonDividends
1.0%
Current Dividend Yieldn/a
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/03/17 01:07 |
| End of Day Share Price | 2023/03/16 00:00 |
| Earnings | 2022/09/30 |
| Annual Earnings | 2021/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Noranda Income Fund is covered by 3 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ian Howat | National Bank Financial |
| Adam Schatzker | RBC Capital Markets |
| Steven Green | TD Securities |