Stock Buzzer: What’s Next for Richmont Mines Inc. (USA) After Today’s Significant Decline?

Stock Buzzer: What's Next for Richmont Mines Inc. (USA) After Today's Significant Decline?

The stock of Richmont Mines Inc. (USA) (NYSEMKT:RIC) is a huge mover today! About 196,031 shares traded hands. Richmont Mines Inc. (USA) (NYSEMKT:RIC) has declined 5.03% since April 18, 2016 and is downtrending. It has underperformed by 9.46% the S&P500.
The move comes after 8 months negative chart setup for the $400.37M company. It was reported on Nov, 18 by Barchart.com. We have $5.70 PT which if reached, will make NYSEMKT:RIC worth $52.05M less.

According to Zacks Investment Research, “Richmont Mines, Inc. is a gold mining company. It has operations in Quebec, Ontario and Newfoundland and holds interests in the Francoeur Mine, Beaufor Mine and Camflo Mill in Quebec, and the Island Gold Mine in Ontario. Richmont Mines, Inc., formerly known as Ressources Minieres Rouyn Inc., is headquartered in Rouyn-Noranda, Canada.”

Insitutional Activity: The institutional sentiment decreased to 1.39 in Q2 2016. Its down 1.67, from 3.06 in 2016Q1. The ratio turned negative, as 9 funds sold all Richmont Mines Inc. (USA) shares owned while 9 reduced positions. 28 funds bought stakes while 27 increased positions. They now own 68.77 million shares or 161.52% more from 26.30 million shares in 2016Q1.
Spark Inv Management Limited Liability Corp last reported 0.57% of its portfolio in the stock. The Ontario – Canada-based Sentry Invs Corp has invested 0.14% in Richmont Mines Inc. (USA) (NYSEMKT:RIC). Renaissance Technologies Llc holds 0.06% or 3.40M shares in its portfolio. Parallax Volatility Advisers L P last reported 3 shares in the company. Cibc Asset Inc holds 27,420 shares or 0% of its portfolio. Blackrock Institutional Na owns 955 shares or 0% of their US portfolio. Fiera Capital has invested 0.03% of its portfolio in Richmont Mines Inc. (USA) (NYSEMKT:RIC). James Invest Rech last reported 783,590 shares in the company. Ig Investment Mngmt owns 332,300 shares or 0.01% of their US portfolio. Barclays Public Ltd has 114 shares for 0% of their US portfolio. The Ontario – Canada-based Hillsdale Management Inc has invested 4.02% in Richmont Mines Inc. (USA) (NYSEMKT:RIC). Van Eck Assocs holds 0.05% or 1.12 million shares in its portfolio. The Colorado-based Alps Advsrs has invested 0.04% in Richmont Mines Inc. (USA) (NYSEMKT:RIC). Aperio Ltd Liability Company has invested 0% of its portfolio in Richmont Mines Inc. (USA) (NYSEMKT:RIC). New Harbor Financial Group Inc Llc has 80,115 shares for 0.85% of their US portfolio.

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

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