Richmont Mines Inc. (TSE:RIC)‘s stock had its “buy” rating restated by equities research analysts at TD Securities in a note issued to investors on Wednesday. They currently have a C$16.50 target price on the stock. TD Securities’ price target indicates a potential upside of 14.50% from the company’s previous close.

Several other brokerages also recently commented on RIC. Canaccord Genuity increased their price objective 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 increased their price objective 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 reissued a “sector perform” rating and issued a C$14.75 price objective on shares of Richmont Mines in a research note on Tuesday, August 9th. CIBC raised their price target on shares of 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. Finally, BMO Capital Markets raised their price target on shares of Richmont Mines from C$13.00 to C$14.00 and gave the company a “market perform” rating in a research note on Tuesday, August 9th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Richmont Mines currently has a consensus rating of “Buy” and a consensus price target of C$12.16.

Richmont Mines (TSE:RIC) opened at 14.41 on Wednesday. The company has a 50-day moving average of $12.81 and a 200-day moving average of $10.81. The firm has a market capitalization of $903.35 million and a price-to-earnings ratio of 82.34. Richmont Mines has a 52 week low of $3.50 and a 52 week 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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