Ciner Resources LP (NYSE:CINR) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the firm. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $29.90.
Several research firms have weighed in on CINR. DA Davidson began coverage on shares of Ciner Resources in a research report on Thursday, October 6th. They issued a “neutral” rating and a $33.00 price objective for the company. Zacks Investment Research cut shares of Ciner Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, June 14th. FBR & Co restated a “buy” rating and issued a $35.00 price objective on shares of Ciner Resources in a research report on Monday, August 8th. Finally, Citigroup Inc. lowered their price objective on shares of Ciner Resources from $30.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, August 8th.
Shares of Ciner Resources (NYSE:CINR) opened at 31.41 on Friday. Ciner Resources has a 12 month low of $18.81 and a 12 month high of $39.10. The stock has a market cap of $629.83 million, a P/E ratio of 13.29 and a beta of 1.15. The company has a 50 day moving average of $30.10 and a 200 day moving average of $29.13.
Ciner Resources (NYSE:CINR) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.56 by $0.04. The company earned $116.70 million during the quarter, compared to analyst estimates of $117.27 million. Ciner Resources had a net margin of 13.04% and a return on equity of 23.78%. The business’s revenue was down 4.9% on a year-over-year basis. Equities research analysts expect that Ciner Resources will post $2.29 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of CINR. Mountain Lake Investment Management LLC boosted its stake in shares of Ciner Resources by 41.4% in the first quarter. Mountain Lake Investment Management LLC now owns 247,500 shares of the company’s stock valued at $6,400,000 after buying an additional 72,500 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Ciner Resources by 39.4% in the second quarter. Acadian Asset Management LLC now owns 213,959 shares of the company’s stock worth $5,994,000 after buying an additional 60,472 shares in the last quarter. U S Global Investors Inc. purchased a new position in shares of Ciner Resources during the second quarter worth about $1,149,000. Renaissance Technologies LLC purchased a new position in shares of Ciner Resources during the first quarter worth about $515,000. Finally, James Investment Research Inc. boosted its position in shares of Ciner Resources by 23.1% in the second quarter. James Investment Research Inc. now owns 89,300 shares of the company’s stock worth $2,502,000 after buying an additional 16,760 shares in the last quarter. Institutional investors own 19.95% of the company’s stock.
About Ciner Resources
Ciner Resources LP, formerly OCI Resources LP, owns a controlling interest consisting of 51% membership interest in Ciner Wyoming LLC (Ciner Wyoming). Ciner Wyoming produces soda ash and serves a global market from its facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products.
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