TD Securities Trims Richmont Mines Inc. (RIC) Target Price to C$15.00
Richmont Mines Inc. (TSE:RIC) (NYSE:RIC) had its target price reduced by TD Securities from C$16.50 to C$15.00 in a research report sent to investors on Friday morning, StockTargetPrices.com reports. TD Securities currently has a buy rating on the stock.
Several other brokerages also recently commented on RIC. BMO Capital Markets reaffirmed an underperform rating on shares of Richmont Mines in a research note on Thursday, September 29th. Canaccord Genuity upped their target price on shares of Richmont Mines from C$15.50 to C$17.00 and gave the company a buy rating in a research note on Monday, August 8th. National Bank Financial upped their target price on shares of Richmont Mines from C$12.50 to C$13.50 and gave the company a sector perform rating in a research note on Tuesday, August 9th. Scotiabank reaffirmed a sector perform rating and issued a C$14.75 target price on shares of Richmont Mines in a research note on Tuesday, August 9th. Finally, CIBC increased their price objective on shares of 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of C$12.66.
Richmont Mines (TSE:RIC) opened at 9.08 on Friday. The company has a market cap of $569.22 million and a P/E ratio of 51.89. The company has a 50-day moving average of $11.83 and a 200 day moving average of $11.96. Richmont Mines has a one year low of $3.80 and a one year high of $15.01.
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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