The stock of Richmont Mines Inc. (USA) (NYSEMKT:RIC) is a huge mover today! The stock decreased 7.86% or $0.55 on November 23, hitting $6.45. About 349,384 shares traded hands. Richmont Mines Inc. (USA) (NYSEMKT:RIC) has declined 6.11% since April 22, 2016 and is downtrending. It has underperformed by 11.52% the S&P500.
The move comes after 6 months negative chart setup for the $407.35 million company. It was reported on Nov, 24 by Barchart.com. We have $5.93 PT which if reached, will make NYSEMKT:RIC worth $32.59 million less.
Analysts await Richmont Mines Inc. (USA) (NYSEMKT:RIC) to report earnings on February, 27.
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 is 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.
The California-based Blackrock Institutional Trust Na has invested 0% in Richmont Mines Inc. (USA) (NYSEMKT:RIC). Moreover, Kcg has 0.02% invested in Richmont Mines Inc. (USA) (NYSEMKT:RIC) for 94,935 shares. Sentry Investments Corporation, a Ontario – Canada-based fund reported 1.23 million shares. Morgan Stanley accumulated 0% or 168,279 shares. Credit Suisse Ag owns 24,391 shares or 0% of their US portfolio. Greystone Managed accumulated 0.28% or 737,780 shares. Zpr Investment last reported 15.33% of its portfolio in the stock. Shell Asset Management holds 0% or 1,500 shares in its portfolio. The United Kingdom-based Barclays Public Ltd Company has invested 0% in Richmont Mines Inc. (USA) (NYSEMKT:RIC). Hillsdale Invest has 1.48M shares for 4.02% of their US portfolio. Toronto Dominion Bancshares has invested 0% of its portfolio in Richmont Mines Inc. (USA) (NYSEMKT:RIC). Hap Trading Ltd Liability Corporation last reported 0.07% of its portfolio in the stock. The Quebec – Canada-based Montrusco Bolton Invests Incorporated has invested 0.63% in Richmont Mines Inc. (USA) (NYSEMKT:RIC). Ameriprise Fincl holds 0% of its portfolio in Richmont Mines Inc. (USA) (NYSEMKT:RIC) for 11,037 shares. James Rech reported 783,590 shares or 0.18% of all its holdings.
RIC 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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