01:50 PM EDT, 05/23/2024 (MT Newswires) -- Rogers Sugar's ( RSGUF ) CEO Mike Walton, CFO J.S. Couillard, and members of the Senior Operations team hosted a presentation and tour of the Montreal sugar refinery, reports BMO.

"We came away with an improved appreciation for the rationale behind the company's 100k MT capacity expansion (supported by robust bulk sugar demand from SCP manufacturers that sell into the U.S.) as well as its ability to maintain sugar margins at or near historically high levels," writes analyst Stephen MacLeod.

"We see balanced risk-reward given recent strength but view the stock as attractive for income-oriented investors (~6.1% dividend yield)."

Rogers Sugar ( RSGUF ) is rated Market Perform, with a $7 target.

Price: 5.86, Change: -0.01, Percent Change: -0.26