Richmont Mines Inc. (RIC) Receives “Underperform” Rating from BMO Capital Markets
A number of other brokerages have also recently issued reports on RIC. Canaccord Genuity upped their price target on shares of Richmont Mines from C$15.50 to C$17.00 and gave the stock a buy rating in a research note on Monday, August 8th. National Bank Financial boosted their target price on Richmont Mines from C$12.50 to C$13.50 and gave the stock a sector perform rating in a research report on Tuesday, August 9th. Scotiabank reissued a sector perform rating and issued a C$14.75 target price on shares of Richmont Mines in a research report on Tuesday, August 9th. CIBC boosted their target price on Richmont Mines from C$13.00 to C$14.50 and gave the stock a sector perform rating in a research report on Tuesday, August 9th. Finally, TD Securities boosted their target price on Richmont Mines from C$15.00 to C$16.50 and gave the stock a buy rating in a research report on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of C$12.16.
Shares of Richmont Mines (TSE:RIC) traded down 1.19% during mid-day trading on Thursday, hitting $13.29. 62,799 shares of the stock traded hands. Richmont Mines has a 1-year low of $3.61 and a 1-year high of $15.01. The company has a market capitalization of $833.14 million and a PE ratio of 75.94. The company’s 50-day moving average price is $12.80 and its 200 day moving average price is $11.05.
Richmont Mines Company Profile
Richmont Mines Inc is a mining company. The Company is engaged in activities related to the acquisition, exploration, development and operation of mineral properties. Its segments include Quebec and Ontario. It has two divisions: Ontario Division and Quebec Division. Its Island Gold Mine is located approximately 80 kilometers northeast of Wawa, Ontario in the Sault Ste.
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