Mercer International Inc. (NASDAQ:MERC) Short Interest Update

Mercer International Inc. (NASDAQ:MERC – GET RATINGS) (TSE: MRI.U) saw a big increase in short interest in July. As of July 15, a total of 390,300 shares had low interest, a 31.5% increase from June 30’s total of 296,900 shares. Currently, 1.0% of the stock’s shares are sold short. Based on the average daily trading volume of 336,400 shares, the day-to-cover ratio is currently 1.2 days.

Wall Street analysts forecast growth

Shares of MERC have been commented on by several analysts. Credit Suisse Group raised its price target on shares of Mercer International from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 26. TD Securities raised its price target on shares of Mercer International from $15.00 to $16.50 and gave the stock a “hold” rating in a research report on Monday, July 25. Finally, Raymond James raised his price objective on shares of Mercer International from $20.00 to $24.00 and gave the company an “outperform” rating in a research report on Monday, July 25th. One Equity Research analyst has given a hold rating to the stock and four with a buy rating to the company. According to data from Marketbeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.38.

Mercer International’s Institutional Trading

Institutional investors and hedge funds have recently bought and sold shares of stock. Russell Investments Group Ltd increased its position in Mercer International by 18.4% during the second quarter. After acquiring an additional 2,031 shares during the period, Russell Investment Group Limited now owns 13,054 shares of Basic Materials Company stock worth $171,000. Quantbot Technologies LP acquired a new stake in Mercer International for approximately $155,000 during the first quarter. Rumbleline Advisors increased its position in Mercer International by 10.3% during the first quarter. After acquiring an additional 6,111 shares during the period, Rumbleline Advisors now owns 65,407 shares of parent materials company stock worth $912,000. Campbell & Co Investment Advisors LLC increased its position in Mercer International by 56.7% during the first quarter. Campbell & Co Investment Advisors LLC owns 75,845 shares of Original Materials Company stock, valued at $1,058,000, after acquiring an additional 27,458 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in Mercer International to 284.6% during the fourth quarter. BNP Paribas Arbitrage S.A. now owns 124,704 shares of Basic Materials Company stock worth $1,495,000 after acquiring an additional 92,282 shares during the period. Institutional investors and hedge funds own 75.80% of the company’s stock.

Read |  Binance CEO Changpeng Zhao highlights need for market reset, says crypto should only attract believers

Mercer International Trading up 1.5%

advertising investment trends

How High Can Copper Go?

To power the Green Revolution, the demand for copper is increasing continuously, which has no end. Prices hit 10-year highs; In the form of copper jumped 79% in the past year. Some analysts say that copper will increase by another 50-100%! We may be at the beginning of a copper bull like we’ve never seen before. How high can copper go?

The NASDAQ MERC traded at $16.20, up $0.24 on Monday. 4,528 shares of the company were exchanged, while its average volume was 316,007. The 50-day moving average price of the company is $14.37 and its 200-day moving average price is $14.06. The company has a debt-to-equity ratio of 1.66, a current ratio of 4.27 and a quick ratio of 2.99. The firm has a market capitalization of $1.07 billion, a P/E ratio of 3.49 and a beta of 1.45. Mercer International has a twelve-month low of $9.51 and a twelve-month high of $17.17.

Mercer International (NASDAQ:MERC – GET RATINGS) (TSE: MRI.U) posted its quarterly earnings data on Thursday, July 28. The original materials company reported earnings per share (EPS) of $1.07 for the quarter, upping the consensus estimate of $0.99 by $0.08. The firm’s revenue for the quarter was $572.33 million, compared to the consensus estimate of $484.73 million. Mercer International had a return on equity of 42.77% and a net margin of 14.11%. Business revenue for the quarter was up 42.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 EPS. Analysts expect Mercer International to generate earnings per share of 4.05 for the current fiscal.

Read |  Australian home prices fall fastest since the GFC and the 1980s crash

Mercer International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5. A dividend of $0.075 per share will be issued to shareholders of record on Wednesday, September 28. The ex-dividend date is Tuesday, September 27. This represents a $0.30 annual dividend and a yield of 1.85%. Mercer International’s payout ratio currently stands at 6.56%.

Mercer International Company Profile (Get Rating)

Mercer International Inc., along with its subsidiaries, manufactures and sells Northern Bleached Softwood Craft (NBSK) pulp in Europe, the United States, Asia and internationally. The company operates through two segments Pulp and Wood products. It also produces and sells green energy produced from biomass cogeneration power plants to third party utilities.

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by Marketbeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should You Invest $1,000 in Mercer International Now?

Before you consider Mercer International, you might want to hear this.

MarketBeat tracks Wall Street’s top-rated and best-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified five stocks that top analysts are quietly whispering to their clients to buy before the broader market catches on… and Mercer International was not on the list.

While Mercer International currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are the better buy.

Read |  Fujitsu shares fall sharply after falling 24% year over year

View 5 Stocks Here

Source link