The stock of Richmont Mines Inc. (TSE:RIC) is a huge mover today! About 120,891 shares traded hands. 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 5 months negative chart setup for the $453.20M company. It was reported on Nov, 14 by Barchart.com. We have $7.33 PT which if reached, will make TSE:RIC worth $58.92M 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 $10.72 average target is 27.16% above today’s ($8.43) stock price. Richmont Mines Inc. has been the topic of 22 analyst reports since September 15, 2015 according to StockzIntelligence Inc. Paradigm Research initiated Richmont Mines Inc. (TSE:RIC) rating on Tuesday, September 15. Paradigm Research has “Buy” rating and $5.70 price target. The rating was maintained by Scotia Capital with “Sector Perform” on Wednesday, November 2. The rating was maintained by National Bank Canada on Thursday, January 14 with “Outperform”. The company was maintained on Friday, November 6 by National Bank Canada. As per Friday, October 14, the company rating was maintained by BMO Capital Markets. The firm has “Buy” rating given on Tuesday, January 19 by Mackie. Scotia Capital maintained it with “Sector Perform” rating and $15 target price in Friday, November 11 report. The firm earned “Sector Perform” rating on Friday, July 8 by Scotia Capital. The firm has “Buy” rating by TD Securities given on Wednesday, September 21. Scotia Capital maintained Richmont Mines Inc. (TSE:RIC) rating on Friday, October 14. Scotia Capital has “Sector Perform” rating and $15 price target.
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 $453.20 million. The Firm is engaged in activities related to the acquisition, exploration, development and operation of mineral properties. It has a 50.1 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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