Shares of Mercer International Inc. (NASDAQ:MERC) fell 2.5% on Friday . The stock traded as low as $7.90 and last traded at $7.91, with a volume of 103,336 shares. The stock had previously closed at $8.11.

Several brokerages have recently weighed in on MERC. TD Securities downgraded shares of Mercer International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $10.50 to $10.00 in a research report on Friday, April 29th. Zacks Investment Research downgraded shares of Mercer International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 28th. TheStreet upgraded shares of Mercer International from a “hold” rating to a “buy” rating in a research report on Tuesday, April 12th. Standpoint Research began coverage on shares of Mercer International in a research report on Tuesday, April 26th. They set a “buy” rating and a $12.00 price objective for the company. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $13.75 price objective on shares of Mercer International in a research report on Sunday, May 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.96.

The firm has a market cap of $511.42 million and a price-to-earnings ratio of 10.21. The company’s 50-day moving average price is $8.12 and its 200 day moving average price is $8.43.

Mercer International (NASDAQ:MERC) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.12. Equities analysts predict that Mercer International Inc. will post $0.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Monday, September 26th will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 5.82%. The ex-dividend date of this dividend is Thursday, September 22nd.

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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