Analyst Price Target is $0.00
▼ -100.00% Downside Potential
This price target is based on 0 analysts offering 12 month price targets for Noranda Income Fund in the last 3 months. The average price target is $0.00, with a high forecast of $0.00 and a low forecast of $10,000,000.00. The average price target represents a -100.00% upside from the last price of $1.42.
Current Consensus is
N/A
The current consensus among 0 contributing investment analysts is to n/a stock in Noranda Income Fund. This rating has held steady since December 2023, when it changed from a Hold consensus rating.
Noranda Income Fund (''Fund'') is an income trust whose units trade on the TSX under the symbol ''NIF.UN''. The Fund owns the electrolytic zinc processing facility and ancillary assets(''the Processing Facility'') located in Salaberry-de-Valleyfield, Québec. The Processing Facility is the second-largest zinc processing facility in North America and the largest zinc processing facility in eastern North America , where the majority of zinc customers are located. Zinc concentrate is supplied to the Processing Facility by Glencore Canada Corporation (''Glencore Canada'') under an agreement that will last until 2017. The Fund is paid a processing fee for refining the zinc, and it earns additional revenue through zinc metal premiums, by-product credits and metal recovery gains. The Fund's primary objective is to provide stable, monthly distributions.
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