Analysts Set Richmont Mines Inc. (TSE:RIC) Target Price at $12.16
Richmont Mines Inc. (TSE:RIC) has earned a consensus rating of “Buy” from the eleven analysts that are presently covering the firm. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$12.16.
Several research analysts have recently commented on RIC shares. National Bank Financial boosted their price target on Richmont Mines from C$12.50 to C$13.50 and gave the stock a “sector perform” rating in a research report on Tuesday, August 9th. Scotiabank reissued a “sector perform” rating and issued a C$11.00 price target on shares of Richmont Mines in a research report on Friday, July 8th. TD Securities boosted their price target on Richmont Mines from C$12.50 to C$13.00 and gave the stock a “buy” rating in a research report on Thursday, June 9th. Desjardins boosted their price target on Richmont Mines from C$12.00 to C$12.25 in a research report on Wednesday, June 8th. Finally, Canaccord Genuity boosted their price target on Richmont Mines from C$15.50 to C$17.00 and gave the stock a “buy” rating in a research report on Monday, August 8th.
Richmont Mines (TSE:RIC) opened at 13.21 on Thursday. The stock has a market cap of $828.12 million and a price-to-earnings ratio of 75.49. The stock’s 50 day moving average price is $12.78 and its 200 day moving average price is $10.70. Richmont Mines has a one year low of $3.50 and a one year high of $14.99.
About Richmont Mines
Richmont Mines Inc is a mining company. The Company is engaged in activities related to the acquisition, exploration, development and operation of mineral properties. Its segments include Quebec and Ontario. It has two divisions: Ontario Division and Quebec Division. Its Island Gold Mine is located approximately 80 kilometers northeast of Wawa, Ontario in the Sault Ste.
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