Shares of Mercer International Inc. (NASDAQ:MERC) fell 3.1% during trading on Friday . The company traded as low as $8.03 and last traded at $8.03, with a volume of 53,056 shares traded. The stock had previously closed at $8.29.

A number of research firms recently commented on MERC. Zacks Investment Research downgraded shares of Mercer International from a “hold” rating to a “sell” rating in a report on Friday, July 22nd. 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 target price on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a $13.75 target price on shares of Mercer International in a report on Sunday, May 1st. TD Securities downgraded shares of Mercer International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $10.50 to $10.00 in a report on Friday, April 29th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $15.00 target price on shares of Mercer International in a report on Sunday, June 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $12.96.

The firm has a 50-day moving average of $8.13 and a 200-day moving average of $8.46. The stock has a market cap of $528.23 million and a price-to-earnings ratio of 10.54.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Monday, September 26th will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 5.63%. 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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