Russel Metals Inc. (OTCMKTS:RUSMF – Get Free Report)’s share price was down 3.6% during trading on Tuesday . The company traded as low as $44.25 and last traded at $44.26. Approximately 7,039 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 16,265 shares. The stock had previously closed at $45.9131.
Analysts Set New Price Targets
A number of analysts have recently commented on RUSMF shares. National Bank Financial cut Russel Metals from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 12th. TD Securities reiterated a “buy” rating on shares of Russel Metals in a research report on Tuesday, May 5th. Scotiabank reiterated an “outperform” rating on shares of Russel Metals in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Russel Metals in a research report on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
Read Our Latest Analysis on RUSMF
Russel Metals Stock Performance
About Russel Metals
Russel Metals Inc is one of North America’s leading metal distribution and processing companies, offering a comprehensive range of steel, aluminum, stainless steel, and specialty metal products. Through its extensive network of service centres, the company provides value-added processing such as precision cutting, shearing, burning, drilling, rolling, and plate profiling, alongside inventory management and just-in-time delivery solutions. This integrated model helps industrial, construction, and manufacturing customers optimize supply chains and reduce lead times.
Founded in 1929 and headquartered in Mississauga, Ontario, Russel Metals has grown through organic expansion and strategic acquisitions to establish a broad presence across Canada and the United States.
Further Reading
- Five stocks we like better than Russel Metals
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Receive News & Ratings for Russel Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Russel Metals and related companies with MarketBeat.com's FREE daily email newsletter.
