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Equities researchers at HC Wainwright started coverage on shares of Richmont Mines (NYSE:RIC) in a research report issued on Wednesday, Stock Ratings Network.com reports. The firm set a “buy” rating on the stock.

Separately, analysts at Desjardins upgraded shares of Richmont Mines from a “hold” rating to a “buy” rating in a research note on Monday, April 28th. They now have a $2.10 price target on the stock, up previously from $1.85.

Richmont Mines (NYSE:RIC) opened at 1.25 on Wednesday. Richmont Mines has a 1-year low of $0.94 and a 1-year high of $2.10. The stock has a 50-day moving average of $1.34 and a 200-day moving average of $1.3. The company’s market cap is $49.5 million.

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

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