Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Ciner Resources (CINR) Stock Price
News coverage about Ciner Resources (NYSE:CINR) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ciner Resources earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 47.6991429377555 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of analysts have recently issued reports on CINR shares. ValuEngine downgraded shares of Ciner Resources from a “hold” rating to a “sell” rating in a report on Wednesday, June 6th. Zacks Investment Research downgraded shares of Ciner Resources from a “hold” rating to a “sell” rating in a report on Wednesday, August 15th. B. Riley lowered their price objective on shares of Ciner Resources from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, May 10th. Finally, Citigroup increased their price objective on shares of Ciner Resources from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $29.75.
Shares of NYSE:CINR opened at $27.99 on Friday. Ciner Resources has a twelve month low of $23.65 and a twelve month high of $29.36. The company has a current ratio of 2.97, a quick ratio of 2.64 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $546.03 million, a PE ratio of 13.52 and a beta of 0.89.
The company also recently announced a quarterly dividend, which was paid on Monday, August 20th. Shareholders of record on Monday, August 6th were paid a dividend of $0.567 per share. This represents a $2.27 dividend on an annualized basis and a yield of 8.10%. The ex-dividend date was Friday, August 3rd. Ciner Resources’s payout ratio is 109.66%.
About Ciner Resources
Ciner Resources LP engages in the trona ore mining and soda ash production businesses in the United States and internationally. It processes trona ore into soda ash, which is a raw material in flat glass, container glass, detergents, chemicals, paper, and other consumer and industrial products. The company has approximately 23,500 acres of leased and licensed subsurface mining areas in the Green River Basin of Wyoming.
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