Fiera Capital Expands Debenture Offering by $10 Million

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

Fiera Capital Corporation has announced the successful issuance of an additional $10 million in senior subordinated unsecured debentures, following the exercise of an over-allotment option related to a previous public offering. The proceeds from this issuance will be used to redeem existing debentures and reduce indebtedness, which may enhance the company’s financial flexibility and market positioning.

The most recent analyst rating on (TSE:FSZ) stock is a Hold with a C$8.00 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’s stock score is influenced by strong financial performance and strategic corporate events, offset by modest revenue growth and increased leverage. Technical and valuation aspects show a neutral to slightly positive outlook, while the earnings call presents mixed sentiment due to external and internal challenges.

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

More about Fiera Capital A

Fiera Capital Corporation is a leading independent financial services company operating in the investment management industry. The company focuses on providing a wide range of investment solutions and services to institutional, retail, and private wealth clients across various markets.

Average Trading Volume: 424,859

Technical Sentiment Signal: Sell

Current Market Cap: C$626.6M

Learn more about FSZ stock on TipRanks’ Stock Analysis page.