Scully Royalty Ltd. (NYSE:SRL – Get Free Report)’s stock price traded down 0.1% during trading on Monday. The stock traded as low as $4.07 and last traded at $4.0450. 1,180 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 5,111 shares. The stock had previously closed at $4.05.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Scully Royalty in a report on Friday, September 11th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.
Read Our Latest Analysis on Scully Royalty
Scully Royalty Stock Performance
The stock’s 50 day moving average is $4.93 and its two-hundred day moving average is $6.43.
Institutional Trading of Scully Royalty
A hedge fund recently raised its position in Scully Royalty stock. Renaissance Technologies LLC raised its holdings in Scully Royalty Ltd. (NYSE:SRL – Free Report) by 41.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 68,114 shares of the financial services provider’s stock after acquiring an additional 19,800 shares during the period. Renaissance Technologies LLC owned about 0.46% of Scully Royalty worth $533,000 as of its most recent filing with the Securities and Exchange Commission. 41.96% of the stock is owned by institutional investors and hedge funds.
About Scully Royalty
Scully Royalty Ltd. is a royalty company focused on the mining sector. Its principal asset is a royalty interest tied to the Scully iron ore mine in western Labrador, Newfoundland and Labrador, Canada. The Scully Mine produces iron ore concentrate for use in steelmaking. Scully Royalty does not operate the mine; instead, it receives royalty payments based on the mine’s production or revenue under agreements associated with the property. Mining operations are conducted by Tacora Resources Inc., an iron ore producer with operations in Canada.
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