Fiera Capital Completes $70 Million Debenture Offering

The latest update is out from Fiera Capital A ( (TSE:FSZ) ).

Fiera Capital Corporation has successfully completed a $70 million public offering of 7.75% senior subordinated unsecured debentures, which will trade on the Toronto Stock Exchange. The proceeds from this offering will be used to redeem the company’s existing 8.25% debentures due in 2026 and for general corporate purposes, enhancing Fiera Capital’s financial flexibility and positioning within the industry.

The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on Fiera Capital A stock, see the TSE:FSZ Stock Forecast page.

Spark’s Take on TSE:FSZ Stock

According to Spark, TipRanks’ AI Analyst, TSE:FSZ is a Neutral.

Fiera Capital A’s overall stock score reflects strong financial performance and strategic corporate events offset by bearish technical indicators and challenges highlighted in the earnings call. The high dividend yield suggests potential financial stress, balanced by opportunities for growth and strategic leadership changes.

To see Spark’s full report on TSE:FSZ stock, click here.

More about Fiera Capital A

Fiera Capital Corporation is a financial services company operating in the asset management industry. It focuses on providing investment management services and solutions to institutional, retail, and private wealth clients across various markets.

Average Trading Volume: 429,369

Technical Sentiment Signal: Sell

Current Market Cap: C$599.6M

Find detailed analytics on FSZ stock on TipRanks’ Stock Analysis page.