Russel Metals (TSE:RUS) Price Target Raised to C$94.00

Posted by Brian Himes on Aug 14th, 2026

Russel Metals (TSE:RUS – Free Report) had its price objective boosted by TD from C$68.00 to C$94.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

RUS has been the subject of a number of other research reports. Scotia boosted their target price on Russel Metals from C$54.00 to C$62.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 7th. National Bank Financial boosted their price objective on shares of Russel Metals from C$57.00 to C$75.00 and gave the company a “sector perform” rating in a report on Monday. BMO Capital Markets increased their price objective on shares of Russel Metals from C$51.00 to C$56.00 in a research report on Wednesday, May 6th. Royal Bank Of Canada increased their price objective on shares of Russel Metals from C$68.00 to C$92.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Stifel Nicolaus raised their target price on shares of Russel Metals from C$64.00 to C$85.00 and gave the stock a “hold” rating in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$76.89.

Check Out Our Latest Report on Russel Metals

Russel Metals Stock Performance

Shares of RUS opened at C$80.50 on Tuesday. The company has a market cap of C$4.42 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 0.59 and a beta of 1.21. The business’s fifty day simple moving average is C$66.33 and its two-hundred day simple moving average is C$56.60. Russel Metals has a 12 month low of C$39.09 and a 12 month high of C$83.12. The company has a current ratio of 2.61, a quick ratio of 1.44 and a debt-to-equity ratio of 27.88.

Russel Metals (TSE:RUS – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.63 earnings per share for the quarter. The firm had revenue of C$1.66 billion during the quarter. Russel Metals had a return on equity of 13.09% and a net margin of 4.04%.

Russel Metals Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a $0.44 dividend. The ex-dividend date was Thursday, May 28th. This represents a $1.76 dividend on an annualized basis and a yield of 2.2%. Russel Metals’s dividend payout ratio is presently 44.13%.

Insider Buying and Selling

In related news, insider Martin Leb Juravsky sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of C$63.28, for a total value of C$316,400.00. Following the completion of the sale, the insider directly owned 12,356 shares of the company’s stock, valued at approximately C$781,887.68. This represents a 28.81% decrease in their position. Also, Director James Francis Dinning sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of C$62.10, for a total transaction of C$155,250.00. Following the sale, the director owned 19,250 shares in the company, valued at approximately C$1,195,425. The trade was a 11.49% decrease in their position. Insiders sold 83,935 shares of company stock worth $5,614,145 over the last ninety days. 0.85% of the stock is owned by corporate insiders.

Key Headlines Impacting Russel Metals

Here are the key news stories impacting Russel Metals this week:

Positive Sentiment: Analyst support: TD Securities, Stifel Nicolaus and RBC each reported expectations for further price appreciation in Russel Metals, reinforcing the recent bullish sentiment. TD analyst expects Russel Metals stock to rise Stifel Nicolaus expects Russel Metals stock to rise RBC forecasts strong price appreciation for Russel Metals
Positive Sentiment: Higher Scotiabank target: Scotiabank raised its price target to C$89.00, implying additional upside from the stock’s recent trading level and providing a significant near-term catalyst. Scotiabank raises Russel Metals price target
Neutral Sentiment: Insider transactions were mixed: Director Brian Robie Hedges bought 1,000 shares for approximately C$80,480 on August 13, but this followed the sale of 25,000 shares for approximately C$2.04 million on August 11. The net reduction in his holdings is a cautionary signal, although the new purchase may indicate some continued confidence. Russel Metals insider transactions
Negative Sentiment: Valuation and consensus risk: The reported analyst consensus target of C$61.17 is well below the recent share price, suggesting that some analysts view the stock as fully valued or vulnerable to a pullback. Raymond James also downgraded Russel Metals to Hold, tempering the impact of the more bullish forecasts. Russel Metals consensus price target Raymond James downgrades Russel Metals to Hold

Russel Metals Company Profile

(Get Free Report)

Russel Metals is one of the largest metals distribution companies in North America with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy field stores and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals.