Mercer International Inc. (NASDAQ:MERC) rose 2.8% on Thursday . The stock traded as high as $8.59 and last traded at $8.50, with a volume of 101,595 shares. The stock had previously closed at $8.27.

A number of equities research analysts have recently commented on MERC shares. Zacks Investment Research cut Mercer International from a “hold” rating to a “sell” rating in a research note on Friday, July 22nd. Credit Suisse Group AG reissued a “buy” rating and issued a $15.00 target price on shares of Mercer International in a research note on Sunday, June 5th. Royal Bank Of Canada reissued an “outperform” rating and issued a $13.75 target price on shares of Mercer International in a research note on Sunday, May 1st. TheStreet cut Mercer International from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Finally, TD Securities cut Mercer International from a “buy” rating to a “hold” rating and cut their target price for the stock from $10.50 to $10.00 in a research note on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Mercer International currently has an average rating of “Buy” and a consensus target price of $12.13.

The firm’s 50-day moving average price is $8.22 and its 200-day moving average price is $8.55. The stock has a market cap of $542.46 million and a P/E ratio of 10.83.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Monday, September 26th will be issued a $0.115 dividend. The ex-dividend date is Thursday, September 22nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 5.48%.

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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