Itafos (CVE:IFOS) Stock Price Up 1.3% – Here’s Why

Itafos Inc. (CVE:IFOS – Get Free Report) shares shot up 1.3% on Monday . The company traded as high as C$2.44 and last traded at C$2.40. 91,046 shares changed hands during trading, a decline of 46% from the average session volume of 167,339 shares. The stock had previously closed at C$2.37.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial decreased their price target on shares of Itafos from C$4.50 to C$3.75 and set an “outperform” rating for the company in a research note on Monday, August 24th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$3.75.

Get Itafos alerts:

Check Out Our Latest Report on IFOS

Itafos Stock Up 1.3%

The stock’s 50 day simple moving average is C$2.35 and its two-hundred day simple moving average is C$2.85. The firm has a market cap of C$467.47 million, a P/E ratio of 9.23 and a beta of 0.03. The company has a debt-to-equity ratio of 19.32, a current ratio of 2.12 and a quick ratio of 0.72.

About Itafos

(Get Free Report)

Itafos Inc operates as a phosphate and specialty fertilizer company. It operates through Conda, Arrais, and Development and Exploration segments. The company produces and sells monoammonium phosphate (MAP), MAP with micronutrients, superphosphoric acid, merchant grade phosphoric acid, ammonium polyphosphate, hydrofluorosilicic acid, direct application phosphate rock, single superphosphate (SSP), SSP with micronutrients, and sulfuric acid. It also owns interests in the Farim, a phosphate mine project situated in Farim, Guinea-Bissau; Araxá, a rare earth element and niobium mine and extraction plant project that is situated in Minas Gerais, Brazil; Arraias, an integrated phosphate fertilizer project located in Tocantins, Brazil; and Santana, an integrated phosphate mine and fertilizer plant project located in Pará, Brazil.

Further Reading

• Five stocks we like better than Itafos
• Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings
• Institutional Money Is Pouring Into These 2 Altcoin ETFs
• The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares
• 3 Dividend Kings to Buy While They’re Still Beaten Down

Receive News & Ratings for Itafos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Itafos and related companies with MarketBeat.com's FREE daily email newsletter.