Richmont Mines Inc. (RIC) Expected to Post FY2017 Earnings of $0.29 Per Share
Richmont Mines Inc. (TSE:RIC) (ARCA:RIC) – Analysts at Haywood Securities decreased their FY2017 earnings per share (EPS) estimates for shares of Richmont Mines in a research report issued on Wednesday. Haywood Securities analyst K. Smith now forecasts that the company will earn $0.29 per share for the year, down from their prior estimate of $0.46. Haywood Securities also issued estimates for Richmont Mines’ FY2018 earnings at $0.34 EPS.
Other analysts have also recently issued reports about the company. CIBC decreased their target price on Richmont Mines from C$15.50 to C$14.25 in a research report on Tuesday, September 12th. TD Securities decreased their target price on Richmont Mines from C$15.50 to C$14.20 and set a “tender” rating for the company in a research report on Tuesday, September 12th. Finally, Scotiabank reaffirmed a “tender” rating and set a C$12.25 price objective on shares of Richmont Mines in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$13.65.
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Richmont Mines (TSE RIC) opened at C$11.35 on Monday. Richmont Mines has a 1 year low of C$7.36 and a 1 year high of C$13.19.
Richmont Mines Company Profile
Richmont Mines Inc, formerly Ressources Minieres Rouyn Inc, is a Canada-based mining company. The Company is engaged in the mining, exploration and development of mining properties, principally gold. The Company operates gold mines at various sites in Quebec and Ontario. The Company’s segments include Quebec and Ontario.
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