▲ +65.09% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Noranda Income Fund in the last 3 months. The average price target is C$1.75, with a high forecast of C$1.75 and a low forecast of C$1.75. The average price target represents a 65.09% upside from the last price of C$1.06.
The current consensus among 1 investment analysts is to buy stock in Noranda Income Fund. This Buy consensus rating has held steady for over two years.
Noranda Income Fund operates as an income trust. The company owns 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 comprise copper cake, cadmium, and sulphuric acid. It serves customers in Canada, the United States, and internationally. The company was founded in 1963 and is headquartered in Toronto, Canada.