Somewhat Positive News Coverage Somewhat Unlikely to Impact Richmont Mines (RIC) Stock Price
Media stories about Richmont Mines (NYSE:RIC) (TSE:RIC) have trended somewhat positive on Friday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Richmont Mines earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 45.5025418918963 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment’s rankings:
- Alamos Gold : Announces Completion of Acquisition of Richmont Mines (4-traders.com)
- Richmont Mines, Inc. breached its 50 day moving average in a Bullish Manner : RIC-US : November 22, 2017 (finance.yahoo.com)
- Richmont Mines, Inc. (RIC) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Richmont Mines, Inc. (RIC) to Post FY2017 Earnings of $0.23 Per Share, Haywood Securities Forecasts (americanbankingnews.com)
- Financial Review: Sibanye Gold Limited (SBGL) vs. Richmont Mines (RIC) (americanbankingnews.com)
Separately, Zacks Investment Research upgraded shares of Richmont Mines from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Richmont Mines presently has a consensus rating of “Hold” and a consensus target price of $11.00.
Shares of Richmont Mines (NYSE RIC) opened at $9.60 on Friday. Richmont Mines has a 12-month low of $5.45 and a 12-month high of $10.45. The firm has a market cap of $596.70, a PE ratio of 35.96 and a beta of 0.31. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.86 and a current ratio of 3.09.
Richmont Mines (NYSE:RIC) (TSE:RIC) last announced its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Richmont Mines had a net margin of 9.63% and a return on equity of 10.07%. The business had revenue of $36.55 million during the quarter, compared to analysts’ expectations of $36.45 million. Richmont Mines’s quarterly revenue was up 52.0% on a year-over-year basis. equities research analysts anticipate that Richmont Mines will post 0.25 EPS for the current year.
About Richmont Mines
Richmont Mines Inc is a mining company. The Company is engaged in 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. The Company is engaged in producing gold from the Island Gold Mine in Ontario and the Beaufor Mine in Quebec.
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