Reviewing Noranda Income Fund (OTCMKTS:NNDIF) and Global X Rare Earth & Critical Materials ETF (NASDAQ:EART)

Noranda Income Fund (OTCMKTS:NNDIF) and Global X Rare Earth & Critical Materials ETF (NASDAQ:EART) are both miscellaneous companies, but which is the superior business? We will contrast the two businesses based on the strength of their risk, dividends, profitability, earnings, analyst recommendations, valuation and institutional ownership.

Insider & Institutional Ownership

19.9% of Noranda Income Fund shares are owned by institutional investors. Comparatively, 5.3% of Global X Rare Earth & Critical Materials ETF shares are owned by institutional investors. 0.1% of Global X Rare Earth & Critical Materials ETF shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Profitability

This table compares Noranda Income Fund and Global X Rare Earth & Critical Materials ETF’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Noranda Income Fund	N/A	N/A	N/A
Global X Rare Earth & Critical Materials ETF	N/A	N/A	N/A

Dividends

Noranda Income Fund pays an annual dividend of $0.50 per share and has a dividend yield of 35.2%. Global X Rare Earth & Critical Materials ETF pays an annual dividend of $0.18 per share and has a dividend yield of 0.6%. Noranda Income Fund pays out 302.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Global X Rare Earth & Critical Materials ETF pays out -2,624.3% of its earnings in the form of a dividend.

Analyst Ratings

This is a breakdown of current ratings and recommmendations for Noranda Income Fund and Global X Rare Earth & Critical Materials ETF, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Noranda Income Fund	0	0	0	0	0.00
Global X Rare Earth & Critical Materials ETF	0	1	1	0	2.38

Global X Rare Earth & Critical Materials ETF has a consensus price target of $31.72, suggesting a potential upside of 0.00%. Given Global X Rare Earth & Critical Materials ETF’s stronger consensus rating and higher possible upside, analysts plainly believe Global X Rare Earth & Critical Materials ETF is more favorable than Noranda Income Fund.

Earnings & Valuation

This table compares Noranda Income Fund and Global X Rare Earth & Critical Materials ETF”s revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Noranda Income Fund	N/A	N/A	N/A	$0.17	8.57
Global X Rare Earth & Critical Materials ETF	N/A	N/A	N/A	($0.01)	-4,624.58

Global X Rare Earth & Critical Materials ETF is trading at a lower price-to-earnings ratio than Noranda Income Fund, indicating that it is currently the more affordable of the two stocks.

Summary

Global X Rare Earth & Critical Materials ETF beats Noranda Income Fund on 5 of the 9 factors compared between the two stocks.

About Noranda Income Fund

Noranda Income Fund (”Fund”) is an income trust whose units trade on the TSX under the symbol ”NIF.UN”. The Fund owns the electrolytic zinc processing facility and ancillary assets(”the Processing Facility”) located in Salaberry-de-Valleyfield, Québec. The Processing Facility is the second-largest zinc processing facility in North America and the largest zinc processing facility in eastern North America , where the majority of zinc customers are located. Zinc concentrate is supplied to the Processing Facility by Glencore Canada Corporation (”Glencore Canada”) under an agreement that will last until 2017. The Fund is paid a processing fee for refining the zinc, and it earns additional revenue through zinc metal premiums, by-product credits and metal recovery gains. The Fund’s primary objective is to provide stable, monthly distributions.

About Global X Rare Earth & Critical Materials ETF

The Global X Rare Earth & Critical Materials ETF seeks to invest in companies that produce rare earth components, metals, and other raw or composite materials essential to the expansion of critical technologies—such as electric vehicles, energy storage, robotics, and radar systems. Targeted companies include those involved in the exploration, mining, production, and/or enhancement of materials like rare earth elements, lithium, copper, cobalt, nickel, manganese, graphite, zinc, platinum, palladium, and carbon fiber.

The fund was previously known as the Global X Disruptive Materials ETF (ticker: DMAT) until March 2, 2026, when it was renamed and rebranded to EART.