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Rio Alto Mining Limited Common Shares (Canada) (NASDAQ:RIOM) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday. They currently have a $2.70 price objective on the stock. Zacks‘s price target would indicate a potential upside of 12.03% from the stock’s previous close.

Shares of Rio Alto Mining Limited Common Shares (NASDAQ:RIOM) traded down 4.01% during mid-day trading on Thursday, hitting $2.3133. 105,528 shares of the company’s stock traded hands. Rio Alto Mining Limited Common Shares has a 52-week low of $1.26 and a 52-week high of $2.90. The stock has a 50-day moving average of $2.30 and a 200-day moving average of $2.10. The company has a market cap of $409.4 million and a price-to-earnings ratio of 12.30.

Rio Alto Mining Limited Common Shares (Canada) (NASDAQ:RIOM) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. Analysts expect that Rio Alto Mining Limited Common Shares will post $0.29 EPS for the current fiscal year.

Rio Alto Mining Limited (NASDAQ:RIOM) is engaged in the acquisition and exploration of mineral properties in Mexico.

To view Zacks’ full report, visit Zacks’ official website.

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