News articles about Mercer International (NASDAQ:MERC) (TSE:MRI.U) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mercer International earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the basic materials company an impact score of 45.0483703184373 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of research analysts recently commented on MERC shares. Zacks Investment Research upgraded shares of Mercer International from a “hold” rating to a “strong-buy” rating and set a $14.00 price objective on the stock in a research note on Wednesday, April 26th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $18.00 price objective on shares of Mercer International in a research note on Friday, April 28th. TD Securities reiterated a “hold” rating and set a $18.00 price objective on shares of Mercer International in a research note on Monday, May 1st. Royal Bank Of Canada reiterated a “hold” rating and set a $12.00 price objective on shares of Mercer International in a research note on Tuesday, May 23rd. Finally, BidaskClub upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.94.
Mercer International (NASDAQ MERC) remained flat at $10.95 on Friday. 152,903 shares of the company traded hands. Mercer International has a 52 week low of $7.60 and a 52 week high of $12.98. The firm has a market capitalization of $711.45 million, a price-to-earnings ratio of 18.65 and a beta of 1.57. The firm has a 50 day moving average of $11.34 and a 200 day moving average of $11.64.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 27th will be paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Tuesday, September 26th. Mercer International’s dividend payout ratio (DPR) is 79.31%.
In other Mercer International news, major shareholder Peter R. Kellogg purchased 93,446 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was acquired at an average cost of $11.52 per share, with a total value of $1,076,497.92. Following the completion of the purchase, the insider now directly owns 150,000 shares in the company, valued at approximately $1,728,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Peter R. Kellogg purchased 13,906 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were acquired at an average cost of $11.17 per share, with a total value of $155,330.02. Following the completion of the purchase, the insider now owns 130,189 shares of the company’s stock, valued at $1,454,211.13. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 292,394 shares of company stock valued at $3,355,167 and have sold 29,560 shares valued at $345,830. Insiders own 4.90% of the company’s stock.
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About Mercer International
Mercer International Inc is a producer of northern bleached softwood kraft (NBSK) pulp, which is pulp that is sold on the open market. The Company also produces and sells tall oil, a by-product of its production process, which is used as both a chemical additive and as a green energy source. It produces and sells NBSK pulp, which is a bleached kraft pulp manufactured using northern softwood.
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