Could Richmont Mines Inc. Rise Even More? The Stock Had Another Big Increase Today

 Could Richmont Mines Inc. Rise Even More? The Stock Had Another Big Increase Today

The stock of Richmont Mines Inc. (TSE:RIC) is a huge mover today! About 302,474 shares traded hands or 0.04% up from the average. Richmont Mines Inc. (TSE:RIC) has risen 6.67% since April 8, 2016 and is uptrending. It has outperformed by 1.68% the S&P500.
The move comes after 6 months positive chart setup for the $495.14M company. It was reported on Nov, 14 by Barchart.com. We have $19.99 PT which if reached, will make TSE:RIC worth $579.31M 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. Richmont Mines Inc. has been the topic of 22 analyst reports since September 15, 2015 according to StockzIntelligence Inc. The rating was maintained by Scotia Capital on Friday, July 8 with “Sector Perform”. National Bank Canada maintained Richmont Mines Inc. (TSE:RIC) on Thursday, January 14 with “Outperform” rating. The stock of Richmont Mines Inc. (TSE:RIC) has “Sector Perform” rating given on Friday, November 11 by Scotia Capital. The rating was maintained by TD Securities with “Buy” on Wednesday, September 21. The company was maintained on Wednesday, November 2 by Scotia Capital. The company was maintained on Friday, October 14 by Scotia Capital. The stock of Richmont Mines Inc. (TSE:RIC) has “Buy” rating given on Tuesday, January 19 by Mackie. National Bank Canada maintained it with “Outperform” rating and $5.50 target price in Friday, November 6 report. Paradigm Research initiated the shares of RIC in a report on Tuesday, September 15 with “Buy” rating. The rating was maintained by BMO Capital Markets on Friday, October 14 with “Underperform”.

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 $495.14 million. The Firm is engaged in activities related to the acquisition, exploration, development and operation of mineral properties. It has a 54.74 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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