Richmont Mines Inc. (RIC) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Richmont Mines Inc. (TSE:RIC) (ARCA:RIC) have been given a consensus rating of “Buy” by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$13.67.
A number of analysts recently commented on RIC shares. CIBC decreased their price target on Richmont Mines from C$15.50 to C$14.25 in a research report on Tuesday, September 12th. Scotiabank reaffirmed a “tender” rating and set a C$12.25 price target on shares of Richmont Mines in a research report on Tuesday, September 12th. Finally, TD Securities decreased their price target 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.
Shares of Richmont Mines (RIC) traded down C$0.53 on Friday, hitting C$11.72. The company had a trading volume of 625,800 shares, compared to its average volume of 380,924. Richmont Mines has a one year low of C$7.36 and a one year high of C$13.19.
About Richmont Mines
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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