RHI Magnesita (LON:RHIM) Shares Down 3.3%

RHI Magnesita (LON:RHIM)’s stock price was down 3.3% on Thursday . The company traded as low as GBX 3,510 ($43.35) and last traded at GBX 3,510 ($43.35). Approximately 14,117 shares changed hands during trading, a decline of 9% from the average daily volume of 15,478 shares. The stock had previously closed at GBX 3,630 ($44.84).

Analyst Ratings Changes

A number of analysts have weighed in on RHIM shares. Royal Bank of Canada increased their target price on shares of 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. Berenberg Bank reissued a “buy” rating and set a GBX 4,300 ($53.11) target price on shares of RHI Magnesita in a report on Wednesday, April 3rd. Finally, Barclays reissued an “overweight” rating and set a GBX 3,800 ($46.94) target price on shares of RHI Magnesita in a report on Thursday, February 29th.

RHI Magnesita Stock Performance

The company has a debt-to-equity ratio of 148.23, a quick ratio of 0.93 and a current ratio of 2.23. The stock’s fifty day moving average is GBX 3,498.90 and its two-hundred day moving average is GBX 3,224.10. The firm has a market cap of £1.65 billion, a price-to-earnings ratio of 1,196.25, a PEG ratio of 2.03 and a beta of 1.55.

RHI Magnesita Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of €1.25 ($1.33) per share. This is a boost from RHI Magnesita’s previous dividend of $0.55. The ex-dividend date of this dividend is Thursday, May 16th. This represents a yield of 2.91%. RHI Magnesita’s dividend payout ratio (DPR) is presently 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.