Noranda Income Fund (NIF.UN) PT Lowered to C$3.25
Noranda Income Fund (TSE:NIF.UN) had its price objective decreased by stock analysts at TD Securities from C$3.50 to C$3.25 in a report released on Tuesday. The brokerage currently has a “buy” rating on the stock.
Noranda Income Fund Company Profile
Noranda Income Fund (the Fund) is a Canada-based open-ended trust. The Fund’s primary objective is to provide stable, monthly distributions. The Fund owns an electrolytic zinc processing facility and its ancillary assets (the Processing Facility) located in Salaberry-de-Valleyfield, Quebec. The Processing Facility produces refined zinc metal and various by-products from zinc concentrate purchased from mining operations, and sells refined zinc products to customers in the open market.
Receive News & Stock Ratings for Noranda Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Noranda Income Fund and related stocks with our FREE daily email newsletter.