Rio Alto Mining Limited Common Shares (Canada) (RIOM) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Rio Alto Mining Limited Common Shares (Canada) (NASDAQ:RIOM) released its earnings data on Friday. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.06 by $0.03, American Banking & Market News reports.
Rio Alto Mining Limited Common Shares (NASDAQ:RIOM) opened at 2.73 on Friday. Rio Alto Mining Limited Common Shares has a 52 week low of $1.26 and a 52 week high of $2.88. The stock’s 50-day moving average is $2.40 and its 200-day moving average is $2.13. The company has a market cap of $483.2 million and a P/E ratio of 13.57.
On a related note, analysts at Zacks downgraded shares of Rio Alto Mining Limited Common Shares (Canada) from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 31st. They now have a $2.70 price target on the stock.
Rio Alto Mining Limited (NASDAQ:RIOM) is engaged in the acquisition and exploration of mineral properties in Mexico.
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