Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Ciner Resources from a hold rating to a sell rating in a research note on Tuesday, August 9th. FBR & Co reaffirmed a buy rating and issued a $35.00 price objective on shares of Ciner Resources in a research note on Monday, August 8th. Finally, Citigroup Inc. lowered their price objective on shares of Ciner Resources from $30.00 to $29.00 and set a neutral rating on the stock in a research note on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Ciner Resources has a consensus rating of Hold and an average target price of $30.25.
Ciner Resources (NYSE:CINR) opened at 31.41 on Friday. Ciner Resources has a 12 month low of $18.81 and a 12 month high of $39.10. The firm has a market cap of $629.83 million, a price-to-earnings ratio of 13.29 and a beta of 1.15. The company’s 50-day moving average is $30.10 and its 200 day moving average is $29.13.
Ciner Resources (NYSE:CINR) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The business earned $116.70 million during the quarter, compared to analyst estimates of $117.27 million. Ciner Resources had a return on equity of 23.78% and a net margin of 13.04%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. On average, equities research analysts predict that Ciner Resources will post $2.29 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in CINR. Advisory Services Network LLC boosted its position in shares of Ciner Resources by 161.0% in the third quarter. Advisory Services Network LLC now owns 9,697 shares of the company’s stock valued at $302,000 after buying an additional 5,981 shares in the last quarter. Eqis Capital Management Inc. purchased a new position in shares of Ciner Resources during the third quarter valued at approximately $263,000. Mountain Lake Investment Management LLC boosted its position in shares of Ciner Resources by 1.0% in the second quarter. Mountain Lake Investment Management LLC now owns 250,000 shares of the company’s stock valued at $7,005,000 after buying an additional 2,500 shares during the last quarter. KCG Holdings Inc. purchased a new position in shares of Ciner Resources during the second quarter valued at approximately $206,000. Finally, Van ECK Associates Corp boosted its position in shares of Ciner Resources by 2.4% in the second quarter. Van ECK Associates Corp now owns 154,453 shares of the company’s stock valued at $4,328,000 after buying an additional 3,626 shares during the last quarter. 19.95% of the stock is currently owned by institutional investors.
Ciner Resources Company Profile
Ciner Resources LP, formerly OCI Resources LP, owns a controlling interest consisting of 51% membership interest in Ciner Wyoming LLC (Ciner Wyoming). Ciner Wyoming produces soda ash and serves a global market from its facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products.
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