Richmont Mines Inc. (TSE:RIC)‘s stock had its “sector perform” rating reissued by stock analysts at Scotiabank in a research note issued to investors on Friday. They presently have a C$15.00 price objective on the stock. Scotiabank’s target price points to a potential upside of 30.89% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. National Bank Financial increased their price target on shares of Richmont Mines from C$11.70 to C$12.50 in a report on Wednesday, July 13th. Canaccord Genuity increased their price target on shares of Richmont Mines from C$11.50 to C$15.50 in a report on Tuesday, July 12th. TD Securities reiterated a “buy” rating and issued a C$16.50 price target on shares of Richmont Mines in a report on Wednesday, September 21st. BMO Capital Markets increased their price objective on shares of Richmont Mines from C$13.00 to C$14.00 and gave the company a “market perform” rating in a research note on Tuesday, August 9th. Finally, CIBC increased their price objective on shares of Richmont Mines from C$13.00 to C$14.50 and gave the company a “sector perform” 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’s stock. Richmont Mines has a consensus rating of “Buy” and a consensus target price of C$12.10.
Shares of Richmont Mines (TSE:RIC) opened at 11.46 on Friday. The stock has a market capitalization of $718.42 million and a P/E ratio of 65.49. Richmont Mines has a 1-year low of $3.73 and a 1-year high of $15.01. The stock has a 50 day moving average of $12.61 and a 200-day moving average of $11.50.
About Richmont Mines
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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