National Bank Financial upgraded shares of Richmont Mines Inc. (TSE:RIC) (NYSE:RIC) from a sector perform rating to an outperform rating in a report published on Thursday morning.

A number of other analysts have also recently weighed in on the company. Desjardins cut their price target on Richmont Mines from C$16.50 to C$15.00 in a research note on Thursday, October 20th. TD Securities restated a buy rating and issued a C$16.50 price target on shares of Richmont Mines in a research note on Wednesday, September 21st. Scotiabank restated a sector perform rating and issued a C$15.00 price target on shares of Richmont Mines in a research note on Wednesday, November 2nd. Canaccord Genuity raised their price target on 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. Finally, CIBC raised their price target on Richmont Mines from C$13.00 to C$14.50 and gave the company a sector perform rating in a research note on Tuesday, August 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of C$12.66.

Richmont Mines (TSE:RIC) traded down 0.43% during mid-day trading on Thursday, reaching $9.26. The company’s stock had a trading volume of 58,189 shares. The stock’s 50 day moving average is $11.57 and its 200 day moving average is $11.92. The firm has a market cap of $580.50 million and a PE ratio of 52.91. Richmont Mines has a one year low of $3.88 and a one year high of $15.01.

About Richmont Mines

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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