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Investment analysts at Macquarie started coverage on shares of Richmont Mines (NYSE:RIC) in a note issued to investors on Thursday, reports. The firm set an “outperform” rating on the stock.

Separately, analysts at Desjardins downgraded shares of Richmont Mines from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 9th.

Richmont Mines (NYSE:RIC) traded up 4.32% during mid-day trading on Thursday, hitting $1.45. 115,427 shares of the company’s stock traded hands. Richmont Mines has a 52-week low of $0.94 and a 52-week high of $3.34. The stock has a 50-day moving average of $1.10 and a 200-day moving average of $1.33. The company’s market cap is $57.4 million.

Richmont Mines Inc (NYSE:RIC) is engaged in the acquisition, exploration, operation, financing and development of mineral properties.

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