Ciner Resources LP (NYSE:CINR) has received an average recommendation of “Hold” from the seven research firms that are covering the stock. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $29.90.

A number of analysts have recently weighed in on the stock. FBR & Co reaffirmed a “buy” rating and issued a $35.00 target price on shares of Ciner Resources in a research report on Monday, August 8th. Citigroup Inc. reduced their target price on shares of Ciner Resources from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, August 8th. Zacks Investment Research downgraded shares of Ciner Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th. Finally, DA Davidson reaffirmed a “hold” rating and issued a $32.50 target price on shares of Ciner Resources in a research report on Friday, October 7th.

Shares of Ciner Resources (NYSE:CINR) opened at 31.14 on Friday. The stock has a market cap of $624.42 million, a P/E ratio of 13.75 and a beta of 1.16. The company’s 50-day moving average is $30.73 and its 200-day moving average is $29.67. Ciner Resources has a 12-month low of $18.81 and a 12-month high of $39.10.

Ciner Resources (NYSE:CINR) last released its earnings results on Thursday, November 3rd. The company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.01. The business earned $121 million during the quarter, compared to analysts’ expectations of $118.66 million. Ciner Resources had a return on equity of 22.91% and a net margin of 12.52%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 earnings per share. On average, equities research analysts anticipate that Ciner Resources will post $2.20 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 11th. Investors of record on Friday, October 28th were paid a $0.567 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date of this dividend was Wednesday, October 26th. Ciner Resources’s payout ratio is 100.00%.

A number of institutional investors have recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its position in Ciner Resources by 7.6% in the third quarter. Acrospire Investment Management LLC now owns 4,258 shares of the company’s stock valued at $133,000 after buying an additional 300 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Ciner Resources by 3.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 28,550 shares of the company’s stock valued at $738,000 after buying an additional 915 shares in the last quarter. Mountain Lake Investment Management LLC boosted its position in Ciner Resources by 1.0% in the second quarter. Mountain Lake Investment Management LLC now owns 250,000 shares of the company’s stock valued at $7,005,000 after buying an additional 2,500 shares in the last quarter. Emerald Acquisition Ltd. boosted its position in Ciner Resources by 15.4% in the third quarter. Emerald Acquisition Ltd. now owns 19,222 shares of the company’s stock valued at $599,000 after buying an additional 2,569 shares in the last quarter. Finally, U S Global Investors Inc. boosted its position in Ciner Resources by 8.8% in the third quarter. U S Global Investors Inc. now owns 44,600 shares of the company’s stock valued at $1,388,000 after buying an additional 3,600 shares in the last quarter. Institutional investors own 20.27% of the company’s stock.

Ciner Resources Company Profile

Ciner Resources LP, formerly OCI Resources LP, owns a controlling interest consisting of 51% membership interest in Ciner Wyoming LLC (Ciner Wyoming). Ciner Wyoming produces soda ash and serves a global market from its facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products.

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