Richmont Mines Inc. (TSE:RIC) – Stock analysts at National Bank Financial issued their Q3 2016 earnings estimates for shares of Richmont Mines in a research report issued on Wednesday. National Bank Financial analyst A. Melnyk anticipates that the firm will earn $0.03 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $13.50 target price on the stock. National Bank Financial also issued estimates for Richmont Mines’ FY2016 earnings at $0.28 EPS and FY2017 earnings at $0.67 EPS.
Several other brokerages also recently commented on RIC. BMO Capital Markets reaffirmed an “underperform” rating on shares of Richmont Mines in a report on Thursday, September 29th. Canaccord Genuity lifted their target price on shares of Richmont Mines from C$15.50 to C$17.00 and gave the stock a “buy” rating in a report on Monday, August 8th. Scotiabank reiterated a “sector perform” rating and issued a C$14.75 price objective on shares of Richmont Mines in a research note on Tuesday, August 9th. CIBC lifted their price objective on shares of Richmont Mines from C$13.00 to C$14.50 and gave the stock a “sector perform” rating in a research note on Tuesday, August 9th. Finally, TD Securities lifted their price objective on shares of Richmont Mines from C$15.00 to C$16.50 and gave the stock a “buy” rating in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$12.10.
Shares of Richmont Mines (TSE:RIC) opened at 11.53 on Friday. The stock’s 50 day moving average is $12.61 and its 200 day moving average is $11.41. The company has a market capitalization of $722.80 million and a PE ratio of 65.89. Richmont Mines has a 1-year low of $3.73 and a 1-year high of $15.01.
Richmont Mines Company Profile
Richmont Mines Inc is a mining company. The Company is engaged in activities related to the acquisition, exploration, development and operation of mineral properties. Its segments include Quebec and Ontario. It has two divisions: Ontario Division and Quebec Division. Its Island Gold Mine is located approximately 80 kilometers northeast of Wawa, Ontario in the Sault Ste.
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