RHI Magnesita (LON:RHIM) Stock Price Down 3.3%

Shares of RHI Magnesita (LON:RHIM) fell 3.3% during mid-day trading on Thursday . The stock traded as low as GBX 3,510 ($43.35) and last traded at GBX 3,510 ($43.35). 14,117 shares changed hands during trading, a decline of 9% from the average session volume of 15,478 shares. The stock had previously closed at GBX 3,630 ($44.84).

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RHIM. Berenberg Bank reissued a “buy” rating and set a GBX 4,300 ($53.11) price target on shares of RHI Magnesita in a report on Wednesday, April 3rd. Barclays reissued an “overweight” rating and set a GBX 3,800 ($46.94) price target on shares of RHI Magnesita in a report on Thursday, February 29th. Finally, Royal Bank of Canada raised their price target on RHI Magnesita from GBX 3,400 ($42.00) to GBX 4,000 ($49.41) and gave the stock a “sector perform” rating in a report on Thursday, February 29th.

RHI Magnesita Stock Performance

The stock has a fifty day moving average of GBX 3,501.56 and a 200-day moving average of GBX 3,216.78. The stock has a market cap of £1.65 billion, a PE ratio of 1,197.95, a price-to-earnings-growth ratio of 2.03 and a beta of 1.55. The company has a quick ratio of 0.93, a current ratio of 2.23 and a debt-to-equity ratio of 148.23.

RHI Magnesita Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a €1.25 ($1.33) dividend. This represents a yield of 2.91%. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from RHI Magnesita’s previous dividend of $0.55. RHI Magnesita’s payout ratio is currently 5,290.10%.

RHI Magnesita Company Profile

RHI Magnesita N.V., together with its subsidiaries, develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide. It offers magnesia spinel, dolomite, dolomite-magnesia, magnesia-chrome, alumina, alumina silicate, and mortars for the cement industry; shaped products based on silicon carbide, magnesia, zirconium, fireclay, and alumina; unshaped refractories; high-temperature insulation, and ceramic and metallic anchoring systems; induction and electric arc furnaces, AOD converters, dome and delta, ladles, isostatically pressed and tundish products, and slide gates.