Last C$5.20 CAD
Change Today +0.01 / 0.19%
Volume 20.6K
NIF-U On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 11:33 AM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

noranda income fund (NIF-U) Snapshot

Open
C$5.23
Previous Close
C$5.19
Day High
C$5.24
Day Low
C$5.20
52 Week High
07/7/14 - C$5.79
52 Week Low
10/15/14 - C$4.76
Market Cap
195.0M
Average Volume 10 Days
107.8K
EPS TTM
C$0.77
Shares Outstanding
37.5M
EX-Date
09/26/14
P/E TM
6.8x
Dividend
C$0.50
Dividend Yield
9.62%
Current Stock Chart for NORANDA INCOME FUND (NIF-U)

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noranda income fund (NIF-U) Details

Noranda Income Fund operates as an unincorporated open-ended trust in Canada. The company, through the Noranda Operating Trust and the Noranda Income Limited Partnership, owns and operates electrolytic zinc processing facility and ancillary assets the CEZinc electrolytic zinc plant and processing facility located in Salaberry-de-Valleyfield, Québec that produces refined zinc metal and various by-products from zinc concentrate. Its products include Zinc slab, a general commodity grade metal; Jumbo zinc, a shape that is produced for steel mill customers; Zinc shot, a product used in the production of electro galvanized steel for use in the automotive industry; special high-grade cathode zinc; and specialized zinc powder, a powder that is used in the production of bleaching agent for the pulp and paper industry. Its by-products include sulphuric acid and copper in cake. Noranda Income Fund serves automotive, construction, electronics, steel, and battery industries primarily in Canada and the United States. The company was founded in 1963 and is headquartered in Toronto, Canada.

583 Employees
Last Reported Date: 02/11/14
Founded in 1963

noranda income fund (NIF-U) Top Compensated Officers

Chief Executive Officer of Canadian Electroly...
Total Annual Compensation: C$242.0K
Chief Financial Officer of Canadian Electroly...
Total Annual Compensation: C$115.0K
Compensation as of Fiscal Year 2013.

noranda income fund (NIF-U) Key Developments

Noranda Income Fund Announces Cash Distribution for the Month of September 2014, Payable on October 27, 2014

Noranda Income Fund announced that the Board of Trustees of Noranda Operating Trust has approved a distribution for the month of September 2014 of $0.04167 per Priority Unit payable on October 27, 2014 to Priority Unitholders of record as at the close of business on September 30, 2014.

Noranda Income Fund Announces Cash Distribution for the Month of August 2014, Payable on September 25, 2014

Noranda Income Fund announced that the Board of Trustees of Noranda Operating Trust has approved a distribution for the month of August 2014 of $0.04167 per priority unit payable on September 25, 2014 to priority unit holders of record as at the close of business on August 29, 2014.

Noranda Income Fund Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Operating Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production and Sales Guidance for the Second Half of 2014

Noranda Income Fund reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of CAD 150,993,000 compared to CAD 162,577,000 for the same period a year ago. Loss before income taxes was CAD 2,619,000 compared to earning before income taxes of CAD 14,513,000 last year. The CAD 17.1 million decrease was mainly due to lower zinc metal production, sales and by-product revenues, higher concentrate acquisition costs and reclamation expense, partially offset by higher premiums and a weaker Canadian dollar. Loss attributable to unit holders and non-controlling interest was CAD 1,765,000 compared to earnings attributable to unit holders and non-controlling interest of CAD 10,970,000 last year. Comprehensive loss was CAD 6,782,000 compared to comprehensive income of CAD 9,245,000 last year. Cash provided by operating activities was CAD 12,640,000 compared to CAD 49,270,000 last year. Adjusted EBITDA was CAD 18,405,000 compared to CAD 26,171,000 last year. For the six months, the company reported revenues of CAD 305,338,000 compared to CAD 312,632,000 for the same period a year ago. Earnings before income taxes were CAD 8,468,000 compared to earning before income taxes of CAD 41,771,000 last year. The CAD 33.3 million decrease was mainly due to lower zinc metal production, sales and by-product revenues and higher concentrate acquisition costs and reclamation expense, partially offset by higher premiums and a weaker Canadian dollar. Earnings attributable to unit holders and non-controlling interest were CAD 6,742,000 compared to earnings attributable to unit holders and non-controlling interest of CAD 33,132,000 last year. Comprehensive loss was CAD 4,724,000 compared to comprehensive income of CAD 29,637,000 last year. Cash provided by operating activities was CAD 253,000 compared to CAD 43,554,000 last year. Adjusted EBITDA was CAD 35,189,000 compared to CAD 53,191,000 last year. The company reported operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported zinc metal production of 62,645 tonnes compared to 68,286 tonnes for the same period a year ago. Zinc metal sales were 59,598 tonnes compared to 75,081 tonnes last year. Copper in cake production was 525 tonnes compared to 380 tonnes last year. Copper in cake sales was 709 tonnes compared to 523 tonnes last year. Sulphuric acid production was 96,760 tonnes compared to 103,270 tonnes last year. Sulphuric acid sales were 93,690 tonnes compared to 104,072 tonnes last year. For the six months, the company reported zinc metal production of 122,189 tonnes compared to 136,699 tonnes for the same period a year ago. Zinc metal sales were 120,107 tonnes compared to 138,139 tonnes last year. Copper in cake production was 1,092 tonnes compared to 1,000 tonnes last year. Copper in cake sales was 882 tonnes compared to 1,226 tonnes last year. Sulphuric acid production was 188,734 tonnes compared to 209,061 tonnes last year. Sulphuric acid sales were 188,051 tonnes compared to 207,305 tonnes last year. For the second half of 2014, zinc metal production is expected to return to normal levels, with the completion of the silica removal capacity project. In addition, a reduction of in-process inventories that built up during the first half of 2014 is also expected to support higher production and sales in the second half of the year.

 

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NIF-U

Industry Average

Valuation NIF-U Industry Range
Price/Earnings 7.8x
Price/Sales 0.3x
Price/Book 0.6x
Price/Cash Flow 3.1x
TEV/Sales 0.2x
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