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.

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