Richmont Mines Inc. (TSE:RIC)‘s stock had its “buy” rating reissued by investment analysts at TD Securities in a report issued on Wednesday. They currently have a C$16.50 price objective on the stock. TD Securities’ price target suggests a potential upside of 25.28% from the company’s previous close.

Other analysts have also issued research reports about the company. National Bank Financial increased their target price on Richmont Mines from C$11.70 to C$12.50 in a report on Wednesday, July 13th. Canaccord Genuity increased their target price on Richmont Mines from C$11.50 to C$15.50 in a report on Tuesday, July 12th. Desjardins increased their target price on Richmont Mines from C$12.00 to C$12.25 in a report on Wednesday, June 8th. Pi Financial increased their price objective on Richmont Mines from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. Finally, BMO Capital Markets increased their price objective on Richmont Mines from C$13.00 to C$14.00 and gave the stock a “market perform” rating in a report on Tuesday, August 9th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$12.16.

Richmont Mines (TSE:RIC) traded up 5.69% on Wednesday, hitting $13.92. The company had a trading volume of 254,881 shares. Richmont Mines has a 12-month low of $3.50 and a 12-month high of $14.99. The firm’s 50 day moving average price is $12.79 and its 200 day moving average price is $10.75. The stock has a market cap of $872.63 million and a P/E ratio of 79.54.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/richmont-mines-ric-buy-rating-reaffirmed-at-td-securities.html

About Richmont Mines

Richmont Mines Inc is a mining company. The Company is engaged in activities related to the acquisition, exploration, development and operation of mineral properties. Its segments include Quebec and Ontario. It has two divisions: Ontario Division and Quebec Division. Its Island Gold Mine is located approximately 80 kilometers northeast of Wawa, Ontario in the Sault Ste.

Receive News & Ratings for Richmont Mines Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Richmont Mines Inc. and related companies with MarketBeat.com's FREE daily email newsletter.