Russel Metals (TSE:RUS) Given New C$54.00 Price Target at Raymond James Financial

Russel Metals (TSE:RUS) had its price target decreased by Raymond James Financial from C$56.00 to C$54.00 in a research note released on Wednesday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock. Raymond James Financial also issued estimates for Russel Metals’ Q3 2025 earnings at $0.65 EPS, Q4 2025 earnings at $0.60 EPS, FY2025 earnings at $3.31 EPS, Q1 2026 earnings at $0.85 EPS, Q2 2026 earnings at $1.15 EPS, Q3 2026 earnings at $1.15 EPS and FY2026 earnings at $4.20 EPS.

RUS has been the topic of a number of other reports. Stifel Nicolaus reduced their price target on shares of Russel Metals from C$49.00 to C$48.00 and set a “buy” rating on the stock in a research report on Friday, September 19th. TD Securities reduced their price target on shares of Russel Metals from C$52.00 to C$50.00 and set a “buy” rating on the stock in a research report on Monday, August 11th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$51.60.

Russel Metals Trading Down 0.6%

Russel Metals stock opened at C$41.55 on Wednesday. The firm’s 50-day moving average is C$41.65 and its 200-day moving average is C$41.46. The company has a debt-to-equity ratio of 20.28, a quick ratio of 1.44 and a current ratio of 3.37. Russel Metals has a 1 year low of C$34.62 and a 1 year high of C$46.87. The company has a market cap of C$2.33 billion, a P/E ratio of 14.38, a PEG ratio of 0.59 and a beta of 1.22.

Russel Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 15th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Thursday, August 28th. Russel Metals’s dividend payout ratio (DPR) is 58.48%.

About Russel Metals

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users.