Ciner Resources (NYSE:CINR) had its price target decreased by analysts at B. Riley from $33.00 to $31.00 in a research report issued on Thursday. The brokerage currently has a “buy” rating on the basic materials company’s stock. B. Riley’s target price points to a potential upside of 14.39% from the company’s previous close.

A number of other research firms have also commented on CINR. SunTrust Banks reiterated a “hold” rating and issued a $28.00 price target on shares of Ciner Resources in a research report on Thursday, April 19th. ValuEngine lowered Ciner Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, June 6th. Zacks Investment Research lowered Ciner Resources from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Citigroup upped their price target on Ciner Resources from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.75.

NYSE CINR opened at $27.10 on Thursday. Ciner Resources has a 12 month low of $23.38 and a 12 month high of $29.36. The stock has a market capitalization of $539.47 million, a price-to-earnings ratio of 13.09 and a beta of 0.89. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.64 and a current ratio of 2.97.

Ciner Resources (NYSE:CINR) last released its quarterly earnings results on Monday, August 6th. The basic materials company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.26. Ciner Resources had a return on equity of 19.95% and a net margin of 10.25%. The firm had revenue of $109.90 million for the quarter, compared to analyst estimates of $123.65 million. equities research analysts expect that Ciner Resources will post 2.43 EPS for the current year.

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of Ciner Resources by 110.0% during the 2nd quarter. Bank of America Corp DE now owns 4,200 shares of the basic materials company’s stock valued at $110,000 after purchasing an additional 2,200 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Ciner Resources during the 2nd quarter valued at about $878,000. Western Standard LLC boosted its position in shares of Ciner Resources by 23.6% during the 2nd quarter. Western Standard LLC now owns 58,244 shares of the basic materials company’s stock valued at $1,531,000 after purchasing an additional 11,133 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Ciner Resources during the 1st quarter valued at about $215,000. Finally, Deutsche Bank AG boosted its position in shares of Ciner Resources by 267.8% during the 4th quarter. Deutsche Bank AG now owns 33,100 shares of the basic materials company’s stock valued at $831,000 after purchasing an additional 24,100 shares in the last quarter. Institutional investors own 9.74% of the company’s stock.

About Ciner Resources

Ciner Resources LP engages in the trona ore mining and soda ash production businesses in the United States and internationally. It processes trona ore into soda ash, which is a raw material in flat glass, container glass, detergents, chemicals, paper, and other consumer and industrial products. The company has approximately 23,500 acres of leased and licensed subsurface mining areas in the Green River Basin of Wyoming.

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