Itafos Inc. (CVE:IFOS – Get Free Report) shares dropped 0.8% during trading on Tuesday . The stock traded as low as C$2.37 and last traded at C$2.40. 38,954 shares were traded during trading, a decline of 80% from the average daily volume of 199,024 shares. The stock had previously closed at C$2.42.
Wall Street Analyst Weigh In
Separately, Raymond James Financial cut Itafos from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from C$5.50 to C$4.50 in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Itafos presently has an average rating of “Buy” and a consensus target price of C$4.50.
View Our Latest Analysis on Itafos
Itafos Price Performance
About Itafos
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.
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