Brokerages Set Richmont Mines Inc. (RIC) PT at $13.67

Shares of Richmont Mines Inc. (TSE:RIC) (ARCA:RIC) have received an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$13.67.

Several research analysts recently commented on the company. Scotiabank reissued a “tender” rating and issued a C$12.25 price objective on shares of Richmont Mines in a research note on Tuesday, September 12th. CIBC reduced their price objective on Richmont Mines from C$15.50 to C$14.25 in a research note on Tuesday, September 12th. Finally, TD Securities reduced their price objective on Richmont Mines from C$15.50 to C$14.20 and set a “tender” rating for the company in a research note on Tuesday, September 12th.

Richmont Mines (TSE RIC) remained flat at $12.19 during midday trading on Friday. 401,689 shares of the company traded hands. The firm has a market cap of $777.23 million and a price-to-earnings ratio of 44.49. The stock has a 50 day moving average of $11.53 and a 200 day moving average of $10.34. Richmont Mines has a 52 week low of $7.36 and a 52 week high of $13.38.

TRADEMARK VIOLATION WARNING: “Brokerages Set Richmont Mines Inc. (RIC) PT at $13.67” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/10/brokerages-set-richmont-mines-inc-ric-pt-at-13-67.html.

In related news, Director Renaud Adams bought 5,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of C$9.69 per share, with a total value of C$48,450.00. Insiders sold a total of 30,500 shares of company stock valued at $304,850 over the last ninety days.

Richmont Mines Company Profile

Richmont Mines Inc is a mining c

Several research analysts recently commented on the company. Scotiabank reissued a “tender” rating and issued a C$12.25 price objective on shares of Richmont Mines in a research note on Tuesday, September 12th. CIBC reduced their price objective on Richmont Mines from C$15.50 to C$14.25 in a research note on Tuesday, September 12th. Finally, TD Securities reduced their price objective on Richmont Mines from C$15.50 to C$14.20 and set a “tender” rating for the company in a research note on Tuesday, September 12th.

Richmont Mines (TSE RIC) remained flat at $12.19 during midday trading on Friday. 401,689 shares of the company traded hands. The firm has a market cap of $777.23 million and a price-to-earnings ratio of 44.49. The stock has a 50 day moving average of $11.53 and a 200 day moving average of $10.34. Richmont Mines has a 52 week low of $7.36 and a 52 week high of $13.38.

TRADEMARK VIOLATION WARNING: “Brokerages Set Richmont Mines Inc. (RIC) PT at $13.67” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/10/brokerages-set-richmont-mines-inc-ric-pt-at-13-67.html.

In related news, Director Renaud Adams bought 5,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was acquired at an average cost of C$9.69 per share, with a total value of C$48,450.00. Insiders sold a total of 30,500 shares of company stock valued at $304,850 over the last ninety days.

Richmont Mines Company Profile

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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