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Richmont Mines (NYSE:RIC) announced its earnings results on Tuesday. The company reported $0.11 EPS for the quarter, Stock Ratings Network reports.

On a related note, analysts at HC Wainwright initiated coverage on shares of Richmont Mines in a research note on Wednesday, May 14th. They set a “buy” rating and a $2.75 price target on the stock.

Richmont Mines (NYSE:RIC) traded up 13.56% during mid-day trading on Tuesday, hitting $1.692. 502,060 shares of the company’s stock traded hands. Richmont Mines has a one year low of $0.94 and a one year high of $1.85. The stock has a 50-day moving average of $1.40 and a 200-day moving average of $1.42. The company’s market cap is $67.0 million.

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

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