The stock of Richmont Mines Inc. (TSE:RIC) is a huge mover today! About 494,359 shares traded hands or 64.66% up from the average. Richmont Mines Inc. (TSE:RIC) has risen 73.76% since March 29, 2016 and is uptrending. It has outperformed by 71.23% the S&P500.
The move comes after 8 months negative chart setup for the $688.41 million company. It was reported on Nov, 2 by Barchart.com. We have $11.02 PT which if reached, will make TSE:RIC worth $48.19 million less.
Richmont Mines Inc. (TSE:RIC) Ratings Coverage
Out of 9 analysts covering Richmont Mines Inc. (TSE:RIC), 7 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 78% are positive. $16.50 is the highest target while $5.50 is the lowest. The $10.86 average target is -8.35% below today’s ($11.85) stock price. Richmont Mines Inc. has been the topic of 20 analyst reports since September 15, 2015 according to StockzIntelligence Inc. Mackie initiated Richmont Mines Inc. (TSE:RIC) on Tuesday, January 19 with “Buy” rating. The stock of Richmont Mines Inc. (TSE:RIC) earned “Buy” rating by TD Securities on Wednesday, September 21. On Friday, October 14 the stock rating was maintained by Scotia Capital with “Sector Perform”. The firm earned “Underperform” rating on Friday, October 14 by BMO Capital Markets. The stock of Richmont Mines Inc. (TSE:RIC) earned “Sector Perform” rating by Scotia Capital on Friday, July 8. National Bank Canada maintained it with “Outperform” rating and $5.50 target price in Friday, November 6 report. The rating was maintained by National Bank Canada with “Outperform” on Thursday, January 14. The stock of Richmont Mines Inc. (TSE:RIC) earned “Buy” rating by Paradigm Research on Tuesday, September 15. The rating was maintained by Scotia Capital on Wednesday, November 2 with “Sector Perform”.
More news for Richmont Mines Inc. (TSE:RIC) were recently published by: Marketwatch.com, which released: “Richmont Mines Inc. NYSE MKT: RIC” on December 22, 2009. Prnewswire.com‘s article titled: “Richmont Mines Provides a Status Update on an Expansion Case Preliminary …” and published on November 01, 2016 is yet another important article.
Richmont Mines Inc. is a mining company. The company has a market cap of $688.41 million. The Firm is engaged in activities related to the acquisition, exploration, development and operation of mineral properties. It has a 70.43 P/E ratio. The Company’s divisions include Quebec and Ontario.
RIC.TO Company Profile
Richmont Mines Inc. (Richmont), incorporated on February 12, 1981, is a mining company. The Firm is engaged in activities related to the acquisition, exploration, development and operation of mineral properties. The Company’s divisions include Quebec and Ontario. The Firm has two divisions: Ontario Division and Quebec Division. Richmont operates two gold mines: the Island Gold Mine in Ontario and the Beaufor Mine in Quebec. The Firm produces gold from these mines. The Firm is also advancing development of the mineralized extension at depth of the Island Gold Mine in Ontario.
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