Mercer International Inc. (NASDAQ:MERC) shares traded down 2% during mid-day trading on Monday . The stock traded as low as $8.29 and last traded at $8.47, with a volume of 109,214 shares. The stock had previously closed at $8.64.

Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Mercer International from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. TheStreet upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a report on Tuesday, April 12th. Standpoint Research began coverage on shares of Mercer International in a report on Tuesday, April 26th. They issued a “buy” rating and a $12.00 price target on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $13.75 price target on shares of Mercer International in a report on Sunday, May 1st. Finally, TD Securities cut shares of Mercer International from a “buy” rating to a “hold” rating and cut their price target for the company from $10.50 to $10.00 in a report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $12.96.

The firm has a market cap of $546.66 million and a PE ratio of 7.72. The company’s 50 day moving average price is $8.43 and its 200 day moving average price is $8.47.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Monday, June 27th were issued a dividend of $0.115 per share. The ex-dividend date of this dividend was Thursday, June 23rd. This represents a $0.46 annualized dividend and a dividend yield of 5.44%.

Mercer International Inc is engaged in producing (northern bleached softwood kraft) NBSK pulp. The Company operates in the pulp industry and produces pulp for resale, known as market pulp, in Germany. It also produces and sells tall oil, which is used as both a chemical additive and as a green energy source.

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