Post by
Detailoriented1 on Dec 21, 2023 11:00am
BMO Analyst Raises FSZ Target
Prior target was $7.50. New target is $8.00. If it does that in 12 months that is a 50 percent return including dividend yield.
If we get a few more analysts deciding that the sky is not falling, we could get the run continuing. Even now the yield is still above 14 percent and they had no problem generating the cash to pay the dividend last quarter so there is little doubt in my mind that with markets rallying this quarter, they have even better cash flow to support the dividend. And historically, they don't reduce their dividend even if markets are falling and things are tight. Money managers with good cost control are cash cows and this CEO holds alot of shares so I am sure he likes the dividend to keep rolling in.
GLTA
Comment by
tinkvid on Jan 03, 2024 2:19pm
This company's global reach is impressive. When Desjardins was reappointed as CEO, that was the TSN turning point for Fiera Capital....more work to be done though! Agriculture and renewable acquisitions will start to bear fruit.