Richmont Mines Inc. (RIC) Receives $12.47 Average PT from Brokerages
Shares of Richmont Mines Inc. (ARCA:RIC) have earned a consensus rating of “Hold” from the twelve analysts that are presently covering the firm. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $12.69.
A number of analysts recently commented on the stock. TheStreet cut shares of Richmont Mines from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Scotiabank reaffirmed a “sector perform” rating and set a $14.75 target price on shares of Richmont Mines in a report on Thursday, August 11th. BMO Capital Markets reaffirmed an “underperform” rating and set a $13.00 target price on shares of Richmont Mines in a report on Saturday, October 15th. National Bank Financial raised shares of Richmont Mines from a “sector perform” rating to an “outperform” rating in a report on Thursday, November 17th. Finally, Zacks Investment Research raised shares of Richmont Mines from a “sell” rating to a “hold” rating in a report on Tuesday, October 11th.
Shares of Richmont Mines (ARCA:RIC) opened at 6.45 on Monday. The firm has a 50-day moving average of $8.37 and a 200-day moving average of $9.13. Richmont Mines has a 12 month low of $2.79 and a 12 month high of $11.66. The firm has a market cap of $406.12 million, a price-to-earnings ratio of 74.14 and a beta of 0.58.
Richmont Mines (ARCA:RIC) last released its earnings results on Thursday, November 10th. The company reported $0.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.01. The firm had revenue of $23.90 million for the quarter, compared to analysts’ expectations of $27.92 million. Richmont Mines had a net margin of 4.59% and a return on equity of 3.95%. Richmont Mines’s revenue was down 8.5% on a year-over-year basis. On average, analysts anticipate that Richmont Mines will post $0.18 EPS for the current year.
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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