Russel Metals (OTCMKTS:RUSMF – Get Free Report) is expected to be posting its results after the market closes on Wednesday, November 4th. Analysts expect Russel Metals to announce earnings of $1.04 per share and revenue of $1.16 billion for the quarter.
Russel Metals Stock Performance
Shares of RUSMF stock opened at $63.41 on Wednesday. The business has a 50 day moving average of $58.94 and a two-hundred day moving average of $45.08. Russel Metals has a 52 week low of $27.78 and a 52 week high of $66.95.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on RUSMF shares. Scotiabank reiterated an “outperform” rating on shares of Russel Metals in a research report on Monday, October 5th. BMO Capital Markets reissued a “market perform” rating on shares of Russel Metals in a report on Monday, October 19th. Royal Bank Of Canada reissued an “outperform” rating on shares of Russel Metals in a report on Wednesday, September 30th. Finally, Raymond James Financial lowered Russel Metals to a “market perform” rating in a research report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Russel Metals currently has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Report on RUSMF
Russel Metals Company Profile
Russel Metals Inc is a Canadian metals distribution and processing company that supplies industrial, commercial and energy-sector customers across North America. The company operates through a network of metals service centers, which provide products, inventory management and processing services tailored to customer requirements.
Its product offerings include carbon steel, stainless steel, aluminum, plate, flat-rolled steel, bars, beams, structural products, pipe and tubular goods. Russel Metals also provides value-added services such as cutting, forming, machining and other processing activities designed to prepare metals for use in manufacturing, construction, infrastructure, transportation and energy applications.
Founded in 1929, Russel Metals has expanded from its Canadian roots to serve customers in Canada and the United States.
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