Shares of Canadian Orebodies Inc. (NASDAQ:CORE) hit a new 52-week low during trading on Friday . The stock traded as low as C$0.18 and last traded at C$29.45, with a volume of 36951 shares traded. The stock had previously closed at C$29.19.

CORE has been the subject of several analyst reports. Zacks Investment Research upgraded Canadian Orebodies from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Monday, October 30th. Raymond James Financial, Inc. set a $35.00 target price on Canadian Orebodies and gave the company a “buy” rating in a report on Wednesday, August 9th. Jefferies Group LLC restated a “hold” rating and issued a $32.00 target price on shares of Canadian Orebodies in a report on Friday. ValuEngine upgraded Canadian Orebodies from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, BidaskClub cut Canadian Orebodies from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$38.80.

Canadian Orebodies (NASDAQ:CORE) last announced its quarterly earnings results on Tuesday, November 7th. The company reported C$0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.41 by C($0.04). Canadian Orebodies had a net margin of 0.18% and a return on equity of 5.25%. The business had revenue of C$4.31 billion during the quarter, compared to analyst estimates of C$4.29 billion.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Tuesday, November 28th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Monday, November 27th. This is a positive change from Canadian Orebodies’s previous quarterly dividend of $0.09.

Canadian Orebodies declared that its Board of Directors has approved a stock buyback plan on Monday, August 28th that allows the company to repurchase $40.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 3.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Canadian Orebodies by 120,507.9% in the 1st quarter. BlackRock Inc. now owns 5,661,333 shares of the company’s stock valued at $176,579,000 after purchasing an additional 5,656,639 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Canadian Orebodies by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,075,508 shares of the company’s stock valued at $134,736,000 after purchasing an additional 71,715 shares during the last quarter. Aberdeen Asset Management PLC UK lifted its stake in shares of Canadian Orebodies by 7.5% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,714,517 shares of the company’s stock valued at $56,682,000 after purchasing an additional 119,697 shares during the last quarter. State Street Corp lifted its stake in shares of Canadian Orebodies by 4.1% in the 2nd quarter. State Street Corp now owns 1,097,819 shares of the company’s stock valued at $36,293,000 after purchasing an additional 43,605 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in shares of Canadian Orebodies by 6.8% in the 3rd quarter. Macquarie Group Ltd. now owns 1,036,747 shares of the company’s stock valued at $33,321,000 after purchasing an additional 66,418 shares during the last quarter.

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About Canadian Orebodies

Core-Mark Holding Company, Inc is a wholesale distributor to the convenience retail industry in North America. The Company provides sales, marketing, distribution and logistics services. As of December 31, 2016, the Company offered services to over 43,000 customer locations across the United States and Canada through 30 distribution centers.

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