Richmont Mines Inc. Can’t Be More Risky. Trades Sigfnicicantly Lower

 Richmont Mines Inc. Can't Be More Risky. Trades Sigfnicicantly Lower

The stock of Richmont Mines Inc. (TSE:RIC) is a huge mover today! About 118,954 shares traded hands. Richmont Mines Inc. (TSE:RIC) has declined 1.66% since April 21, 2016 and is downtrending. It has underperformed by 7.07% the S&P500.
The move comes after 6 months negative chart setup for the $543.15M company. It was reported on Nov, 25 by Barchart.com. We have $8.00 PT which if reached, will make TSE:RIC worth $32.59M 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 25.97% above today’s ($8.51) stock price. Richmont Mines Inc. has been the topic of 23 analyst reports since September 15, 2015 according to StockzIntelligence Inc. The company was upgraded on Thursday, November 17 by National Bank Canada. TD Securities maintained the stock with “Buy” rating in Wednesday, September 21 report. The stock of Richmont Mines Inc. (TSE:RIC) earned “Outperform” rating by National Bank Canada on Friday, November 6. On Wednesday, November 2 the stock rating was maintained by Scotia Capital with “Sector Perform”. The firm has “Sector Perform” rating by Scotia Capital given on Friday, October 14. Scotia Capital maintained Richmont Mines Inc. (TSE:RIC) rating on Friday, July 8. Scotia Capital has “Sector Perform” rating and $11 price target. The stock of Richmont Mines Inc. (TSE:RIC) has “Buy” rating given on Tuesday, September 15 by Paradigm Research. On Friday, October 14 the stock rating was maintained by BMO Capital Markets with “Underperform”. On Thursday, January 14 the stock rating was maintained by National Bank Canada with “Outperform”. Mackie initiated Richmont Mines Inc. (TSE:RIC) on Tuesday, January 19 with “Buy” rating.

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 $543.15 million. The Firm is engaged in activities related to the acquisition, exploration, development and operation of mineral properties. It has a 73.6 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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