Russia stocks higher at close of trade; MOEX Russia Index up 2.30% By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2024
0mins
Source: Investing.com
Stock Market Performance: Russian stocks closed higher, with the MOEX Russia Index gaining 2.30%, driven by strong performances in the Telecoms, Mining, and Oil & Gas sectors. Notable gainers included GDR ROS AGRO PLC and Magnitogorskiy Metallurgicheskiy Kombinat, while Aeroflot saw a decline.
Commodity and Currency Movements: Gold futures slightly decreased, crude oil prices rose, and the Russian Ruble weakened against the US Dollar and Euro, with the USD/RUB down 4.55% to 108.00.
Analyst Views on DX
Wall Street analysts forecast DX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DX is 15.25 USD with a low forecast of 14.50 USD and a high forecast of 16.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 14.440
Low
14.50
Averages
15.25
High
16.00
Current: 14.440
Low
14.50
Averages
15.25
High
16.00
About DX
Dynex Capital, Inc. is a financial services company. The Company is an internally managed mortgage real estate investment trust (REIT), which invests in mortgage-backed securities (MBS). It finances its investments principally with repurchase agreements. Its objective is to provide attractive risk-adjusted returns to its shareholders over the long term that are reflective of a leveraged, high-quality fixed income portfolio with a focus on capital preservation. It seeks to provide returns to its shareholders primarily through the payment of regular dividends and through capital appreciation of its investments. It primarily invests in Agency MBS, of which over 97% are residential MBS (Agency RMBS), including to-be-announced (TBA) securities. The remainder of its investment portfolio consists of Agency commercial MBS (Agency CMBS) and Agency and non-Agency CMBS interest-only (CMBS IO) securities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
