Richmont Mines Inc. (TSE:RIC) (ARCA:RIC) Director Renaud Adams bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average cost of C$9.69 per share, for a total transaction of C$48,450.00.

Renaud Adams also recently made the following trade(s):

  • On Wednesday, August 16th, Renaud Adams bought 5,000 shares of Richmont Mines stock. The stock was bought at an average cost of C$9.69 per share, for a total transaction of C$48,450.00.
  • On Wednesday, August 9th, Renaud Adams sold 100 shares of Richmont Mines stock. The stock was sold at an average price of C$10.00, for a total value of C$1,000.00.

Shares of Richmont Mines Inc. (RIC) traded up 1.55% during midday trading on Wednesday, reaching $9.81. The company’s stock had a trading volume of 169,723 shares. The stock has a 50-day moving average of $9.91 and a 200 day moving average of $10.19. Richmont Mines Inc. has a 12-month low of $7.36 and a 12-month high of $15.01. The firm has a market capitalization of $625.49 million and a P/E ratio of 35.80.

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A number of equities analysts recently commented on the company. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$12.25 target price on shares of Richmont Mines in a report on Tuesday, May 30th. TD Securities reaffirmed a “buy” rating and issued a C$15.50 target price on shares of Richmont Mines in a report on Friday, May 5th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Richmont Mines in a report on Monday, May 22nd. Cormark raised Richmont Mines from a “market perform” rating to a “buy” rating and set a C$14.00 target price on the stock in a report on Thursday, June 1st. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a C$12.50 target price on shares of Richmont Mines in a report on Friday, May 19th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$14.00.

About Richmont Mines

Richmont Mines Inc engages in the mining, exploration, and development of mining properties in Canada. The company holds interests in the Island Gold mine in Ontario; and the Beaufor mine and Camflo Mill in Quebec. As of December 31, 2016, it had proven and probable reserves of 752,200 ounces of gold at the Island Gold Mine; and 44,920 ounces of gold at the Beaufor Mine.

Insider Buying and Selling by Quarter for Richmont Mines (TSE:RIC)

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