TSE:NIF.UN

0.89
0.08 (9.88%) 1d
0
SELL

There is no dividend. Sales are up but earnings are less negative rather than positive. Earnings growth forecast for this year is zero.

investment companies / funds

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COMMENT

This has been absolutely taken through the wringer. There is a massive strike going on, with no end to it. There are 3 zinc smelters in all of North America, and this is one of them. Realistically, it is a recovery situation of some sort. Management has been running the operation. Glencore is the all-powerful tool behind this company, and they are going to need to have one of the smelters to stay in place. He is not going to leave this one.

investment companies / funds
COMMENT

They had to eliminate their dividend, and the stock has come off. Believes there is still a strike going on, so this company is struggling.

investment companies / funds
WATCH

They have one client: Gencore. The contract has been renewed, but the challenge is that it is at market pricing. The company may not be able to make a profit at these prices and may not be able to maintain the yield. Stay clear until you get a sense of what the financials look like and what will the yield be.

investment companies / funds
COMMENT

This is a play on their one-time contract with Glencore which is up in November. Valuation looks great at 2X cash flow, 1.8X EBITDA with an 11% yield, but it is a fictional yield if that contract winds up. This is much more of an events stock than what he would look for.

investment companies / funds
COMMENT

Had bought this for its extraordinarily high dividend. Is there a zinc situation that is going to run through this company when the time comes? He just continues collecting his money. Dividend yield of 11%.

investment companies / funds
COMMENT

The units have done pretty well over the last little while. Noranda is tricky, and is hard to wrap your mind around. It is effectively a “pass-through” for zinc processing. Really a toll booth. Not sure he would be jumping into this, especially after its recent movement. The “units” effectively have a priority to receive dividends.

investment companies / funds
HOLD

A zinc processing plant, with Glencore (GLEN-LSE) being the primary customer. The yield seems too good to be true. In this case it is not, because the stock can sustain their yield. An extremely cheap stock. Trades at 2X Price to Earnings, 1.6X EBITDA and has a 17% yield. The contract runs out in 2017, and it is unclear what is going to happen at that point. Trading at about .5X BV. The assets are worth something even after the 1 year is up. If you hold it today, you are going to get 17% of your money back in yield between now and 2017, and then you have optionality beyond that. Not a bad place to be.

investment companies / funds
COMMENT

A zinc processing facility. Zinc used to be sourced from a closer mine, but mines locally have closed down. One facility in Quebec is very efficient and it is just a matter of getting the zinc out of it. 21% yield.

investment companies / funds
COMMENT

Still likes this. Up about 50% from where he bought it. He maintains the view that because it has very important metals processing facilities, it is going to have life after death, which occurs after the end of their contract. It doesn’t make sense that no one buys it or that the contract is not renewed.

investment companies / funds
DON'T BUY

Zinc processing facility in Quebec. Some of their mines are depleting. Getting zinc from further away makes the plant less attractive.

investment companies / funds
COMMENT

There are 3 zinc smelters in North America and there is a need for more zinc. They have an agreement to supply zinc that runs until 2017, and he would speculate that it will run past that date.

investment companies / funds
SELL

Have a ton of trouble on their hands. A classic case of financial engineering going bad. Noranda sold it into this fund at the highest price they possibly could, to make it look like an attractive investment to unsuspecting retail investors. This is a mess.

investment companies / funds
RISKY BUY

On his watch list. He has always been afraid of it to some degree. They may not have a business after 2017. That is a major, major danger signal. The value is questionable, even if it is contrarian.

investment companies / funds
COMMENT

Looking at this right now. An absolutely tremendous payout. He doesn’t know the company well enough to Buy into it, but he loves dividends. This company is giving money back all the time. 9% dividend yield.

investment companies / funds
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Noranda Income Fund(NIF.UN-T) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Noranda Income Fund is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Noranda Income Fund(NIF.UN-T) Frequently Asked Questions

What is Noranda Income Fund stock symbol?

Noranda Income Fund is a Canadian stock, trading under the symbol NIF.UN-T on the Toronto Stock Exchange (NIF.UN-CT). It is usually referred to as TSX:NIF.UN or NIF.UN-T

Is Noranda Income Fund a buy or a sell?

In the last year, there was no coverage of Noranda Income Fund published on Stockchase.

Is Noranda Income Fund a good investment or a top pick?

Noranda Income Fund was recommended as a Top Pick by on . Read the latest stock experts ratings for Noranda Income Fund.

Why is Noranda Income Fund stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Noranda Income Fund worth watching?

0 stock analysts on Stockchase covered Noranda Income Fund In the last year. It is a trending stock that is worth watching.

What is Noranda Income Fund stock price?

On 2022-11-22, Noranda Income Fund (NIF.UN-T) stock closed at a price of $0.89.