$RUS.TO

Russel Metals Price Target Raised to $68 at TD

TD Securities raised its price target on Russel Metals Inc. (RUS.TO) to $68 from $63.Analyst Michael Tupholme maintained a Buy rating on shares of the Canadian metals distribution and processing company following its quarterly results."Solid demand momentum in Q1 has continued into Q2, and the steel pricing environment remains positive, supported by favourable supply/demand dynamics in the US," Tupholme said in a note to clients."Overall, we are encouraged by robust demand across key end-markets and ongoing steel price gains, both of which should benefit RUS over the coming quarters," the analyst said."We also like RUS' margin improvement and strong balance sheet."

Russel Metals Maintained at Hold at Stifel Canada Following Q1 Results; Price Target Raised to C$58.50

Stifel Canada on Thursday reiterated its hold rating on the shares of Russel Metals (RUS.TO) while raising its price target to C$58.50 from C$49.00 following the company's first-quarter results."RUS is benefitting alongside other "old world" businesses from the "HALO" effect. This stock market effect is being further aided by the company's smart capital allocation policy and elevated steel prices. As a result, we are increasing our target multiples to roughly +1STD above the 10Y average. Our new target multiples reflect 1.8x P/Book (10Y avg +1STD: 1.8x) and 16.0x P/E (10Y avg +1STD: 14.6x). This leads to an increase in our target price to $58.50 from $49.00. We had downgraded the stock to HOLD in February 2026 as we viewed the valuation as elevated and suggested waiting for a better entry point. We retain this view and our HOLD rating," analyst Ian Gillies wrote..(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $57.58, Change: $+0.75, Percent Change: +1.32%

Russel Metals Q1 Profit Jumps, Tops Estimates As Revenue Rises

Russel Metals (RUS.TO) after trade Tuesday reported a 67% jump in first-quarter earnings on record quarterly revenue, topping estimates.Russel posted a profit of C$72 million, or $1.30 per share, up from $43 million, or $0.75, a year earlier. In exceeded the consensus estimate of $0.76 compiled by FactSet analysts.Revenue rose 21% to to $1.41 billion, up from $1.17 billion, surpassing $1.38 billion.In the first quarter , the company also reported an EBITDA of $124 million, which was a 44% increase over the first quarter of 2025, and an 80% increase over the fourth quarter of 2025.The company's shares closed up $0.44 to $53.48 on the Toronto Stock Exchange.

Earnings Flash (RUS.TO) Russel Metals Reports Q1 Revenue C$1.42B, vs. FactSet Est of C$1.38B