Richmont Mines Inc. Increases Again; Strong Momentum for Buyers

 Richmont Mines Inc. Increases Again; Strong Momentum for Buyers

The stock of Richmont Mines Inc. (TSE:RIC) is a huge mover today! About 110,929 shares traded hands. Richmont Mines Inc. (TSE:RIC) has risen 59.46% since March 30, 2016 and is uptrending. It has outperformed by 58.25% the S&P500.
The move comes after 9 months positive chart setup for the $706.42 million company. It was reported on Nov, 3 by Barchart.com. We have $14.59 PT which if reached, will make TSE:RIC worth $141.28 million more.

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 -10.69% below today’s ($12.16) stock price. Richmont Mines Inc. has been the topic of 20 analyst reports since September 15, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the stock with “Sector Perform” rating in Friday, October 14 report. The rating was maintained by Scotia Capital with “Sector Perform” on Wednesday, November 2. Scotia Capital maintained the stock with “Sector Perform” rating in Friday, July 8 report. As per Thursday, January 14, the company rating was maintained by National Bank Canada. BMO Capital Markets maintained the stock with “Underperform” rating in Friday, October 14 report. The company was maintained on Friday, November 6 by National Bank Canada. The rating was initiated by Mackie with “Buy” on Tuesday, January 19. The firm has “Buy” rating by TD Securities given on Wednesday, September 21. The stock of Richmont Mines Inc. (TSE:RIC) earned “Buy” rating by Paradigm Research on Tuesday, September 15.

Another recent and important Richmont Mines Inc. (TSE:RIC) news was published by Marketwatch.com which published an article titled: “Richmont Mines Inc. NYSE MKT: RIC” on December 22, 2009.

Richmont Mines Inc. is a mining company. The company has a market cap of $706.42 million. The Firm is engaged in activities related to the acquisition, exploration, development and operation of mineral properties. It has a 72.27 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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