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

Several research analysts have recently commented on MERC shares. Zacks Investment Research raised Mercer International from a “sell” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Wednesday, March 30th. TheStreet raised Mercer International from a “hold” rating to a “buy” rating in a report on Tuesday, April 12th. Standpoint Research started coverage on Mercer International in a report on Tuesday, April 26th. They set a “buy” rating and a $12.00 price objective for the company. TD Securities lowered Mercer International from a “buy” rating to a “hold” rating and cut their price objective for the stock from $10.50 to $10.00 in a report on Friday, April 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $13.75 price objective on shares of Mercer International in a report on Sunday, May 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Mercer International presently has an average rating of “Buy” and an average price target of $12.96.

The stock has a market capitalization of $536.32 million and a price-to-earnings ratio of 7.57. The stock has a 50 day moving average of $8.40 and a 200 day moving average of $8.46.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Monday, June 27th were given a $0.115 dividend. The ex-dividend date of this dividend was Thursday, June 23rd. This represents a $0.46 annualized dividend and a yield of 5.54%.

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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