Richmont Mines Inc. (RIC) Rating Reiterated by TD Securities
Richmont Mines Inc. (TSE:RIC)‘s stock had its “buy” rating reiterated by investment analysts at TD Securities in a research note issued to investors on Wednesday. They presently have a C$16.50 price objective on the stock. TD Securities’ price target would suggest a potential upside of 14.50% from the company’s current price.
A number of other equities research analysts have also commented on RIC. National Bank Financial upped their price target on shares of Richmont Mines from C$12.50 to C$13.50 and gave the company a “sector perform” rating in a report on Tuesday, August 9th. Scotiabank reiterated a “sector perform” rating and set a C$11.00 price target on shares of Richmont Mines in a report on Friday, July 8th. Desjardins upped their price target on shares of Richmont Mines from C$12.00 to C$12.25 in a report on Wednesday, June 8th. Canaccord Genuity upped their price target on shares of Richmont Mines from C$15.50 to C$17.00 and gave the company a “buy” rating in a report on Monday, August 8th. Finally, CIBC upped 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 report on Tuesday, August 9th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$12.16.
Richmont Mines (TSE:RIC) opened at 14.41 on Wednesday. Richmont Mines has a one year low of $3.50 and a one year high of $15.01. The firm has a market capitalization of $903.35 million and a PE ratio of 82.34. The stock’s 50 day moving average is $12.81 and its 200-day moving average is $10.81.
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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