Richmont Mines Inc. (RIC) Forecasted to Post FY2017 Earnings of $0.29 Per Share
Richmont Mines Inc. (TSE:RIC) (ARCA:RIC) – Investment analysts at Haywood Securities cut their FY2017 earnings estimates for Richmont Mines in a research report issued on Wednesday. Haywood Securities analyst K. Smith now expects that the company will earn $0.29 per share for the year, down from their prior forecast of $0.46. Haywood Securities also issued estimates for Richmont Mines’ FY2018 earnings at $0.34 EPS.
RIC has been the subject of several other reports. Scotiabank reaffirmed a “tender” rating and set a C$12.25 target price on shares of Richmont Mines in a research report on Tuesday, September 12th. CIBC lowered their target price on Richmont Mines from C$15.50 to C$14.25 in a research report on Tuesday, September 12th. Finally, TD Securities lowered their target price on Richmont Mines from C$15.50 to C$14.20 and set a “tender” rating for the company in a research report on Tuesday, September 12th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$13.65.
Richmont Mines (TSE RIC) opened at C$11.25 on Monday. Richmont Mines has a 12-month low of C$7.36 and a 12-month high of C$13.19.
Richmont Mines Company Profile
Richmont Mines Inc, formerly Ressources Minieres Rouyn Inc, is a Canada-based mining company. The Company is engaged in the mining, exploration and development of mining properties, principally gold. The Company operates gold mines at various sites in Quebec and Ontario. The Company’s segments include Quebec and Ontario.
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