Richmont Mines Inc. (NYSE:RIC)‘s stock had its “underperform” rating restated by stock analysts at BMO Capital Markets in a note issued to investors on Saturday. They currently have a $13.00 target price on the stock. BMO Capital Markets’ price objective points to a potential upside of 47.90% from the company’s current price.

A number of other equities research analysts also recently weighed in on RIC. Scotiabank restated a “sector perform” rating and issued a $14.75 target price on shares of Richmont Mines in a research report on Thursday, August 11th. Zacks Investment Research upgraded Richmont Mines from a “sell” rating to a “hold” rating in a research report on Tuesday. National Bank Financial restated a “sector perform” rating and issued a $13.50 target price (up from $12.50) on shares of Richmont Mines in a research report on Thursday, August 11th. Canaccord Genuity restated a “buy” rating on shares of Richmont Mines in a research report on Monday, July 18th. Finally, TD Securities restated a “buy” rating and issued a $16.50 target price (up from $15.00) on shares of Richmont Mines in a research report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $14.06.

Analyst Recommendations for Richmont Mines (NYSE:RIC)

Richmont Mines (NYSE:RIC) traded up 0.34% during midday trading on Friday, hitting $8.79. The stock had a trading volume of 363,200 shares. Richmont Mines has a one year low of $2.79 and a one year high of $11.66. The stock has a market cap of $551.04 million and a PE ratio of 66.09. The firm has a 50 day moving average price of $9.60 and a 200 day moving average price of $8.81.

Richmont Mines (NYSE:RIC) last released its earnings results on Monday, August 8th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. The firm earned $40.62 million during the quarter, compared to analyst estimates of $40.55 million. Equities analysts expect that Richmont Mines will post $0.28 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. purchased a new stake in shares of Richmont Mines during the second quarter valued at about $102,000. Vanguard Group Inc. purchased a new stake in shares of Richmont Mines during the second quarter valued at about $102,000. Bank of Nova Scotia purchased a new stake in shares of Richmont Mines during the second quarter valued at about $143,000. Toronto Dominion Bank increased its stake in shares of Richmont Mines by 68,511.1% in the second quarter. Toronto Dominion Bank now owns 24,700 shares of the company’s stock valued at $229,000 after buying an additional 24,664 shares during the period. Finally, UBS Asset Management Americas Inc. purchased a new stake in shares of Richmont Mines during the second quarter valued at about $253,000.

5 Day Chart for NYSE:RIC

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