Canam Group (TSE:CAM) announced a quarterly dividend on Thursday, September 10th, AnalystRatings.Net reports. Stockholders of record on Wednesday, September 30th will be paid a dividend of 0.04 per share on Wednesday, September 30th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Thursday, September 10th.
A number of analysts have recently weighed in on CAM shares. Raymond James increased their price objective on shares of Canam Group from C$16.00 to C$18.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. National Bank Financial raised their price target on shares of Canam Group from C$17.00 to C$19.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Laurentian Bank of Canada assumed coverage on shares of Canam Group in a research report on Wednesday, July 1st. They set a “buy” rating and a C$18.00 price objective for the company. Finally, Laurentian set a C$18.00 price target on shares of Canam Group and gave the stock a “buy” rating in a report on Tuesday, June 30th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Canam Group has an average rating of “Buy” and an average price target of C$18.25.
Canam Group (TSE:CAM) traded up 0.96% during midday trading on Friday, reaching $13.61. 81,877 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $14.01 and a 200 day moving average price of $13.54. The company has a market cap of $568.42 million and a price-to-earnings ratio of 14.79. Canam Group has a 12-month low of $9.09 and a 12-month high of $15.00.
Canam Group Inc., is a North American manufacturer of steel components for the construction industry. The Company specialises in the design and fabrication of customized construction products and solutions. The Company operates in three distinct fields of activity of the construction industry: buildings, structural steel and bridges. The buildings segment consists of construction products, hambro system, murox system and econox building system. Structal-Bridges is a manufacturer of steel bridges, structural bearings and expansion joints for the highway, railway and forestry industries. Company’s structural steel specializes in the fabrication of heavy structural steel components, executes major, highly technical construction projects in North America for general contractors, engineering firms and building owners.