Richmont Mines Inc. (TSE:RIC)‘s stock had its “underperform” rating reiterated by BMO Capital Markets in a research note issued on Friday. They currently have a C$13.00 price target on the stock. BMO Capital Markets’ price target suggests a potential upside of 12.75% from the stock’s current price.
A number of other research analysts have also recently commented on RIC. National Bank Financial raised their price target on Richmont Mines from C$11.70 to C$12.50 in a research report on Wednesday, July 13th. Canaccord Genuity raised their price target on Richmont Mines from C$15.50 to C$17.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. Scotiabank reiterated a “sector perform” rating and issued a C$14.75 target price on shares of Richmont Mines in a research report on Tuesday, September 13th. CIBC lifted their target price on Richmont Mines from C$13.00 to C$14.50 and gave the company a “sector perform” rating in a research report on Tuesday, August 9th. Finally, TD Securities lifted their target price on Richmont Mines from C$15.00 to C$16.50 and gave the company a “buy” rating in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$12.10.
Richmont Mines (TSE:RIC) traded down 0.60% on Friday, reaching $11.53. 188,993 shares of the company’s stock were exchanged. Richmont Mines has a 52 week low of $3.73 and a 52 week high of $15.01. The company has a market cap of $722.80 million and a price-to-earnings ratio of 65.89. The stock’s 50 day moving average is $12.60 and its 200 day moving average is $11.37.
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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