TD Securities Reiterates “Buy” Rating for Richmont Mines Inc. (RIC)

Richmont Mines Inc. (TSE:RIC)‘s stock had its “buy” rating reissued by equities researchers at TD Securities in a research note issued to investors on Wednesday, StockTargetPrices.com reports. They presently 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 current price.

A number of other analysts have also recently issued reports on RIC. Scotiabank reiterated a “sector perform” rating and issued a C$11.00 target price on shares of Richmont Mines in a research note on Thursday, July 14th. Canaccord Genuity lifted their target price on shares of Richmont Mines from C$11.50 to C$15.50 in a research note on Tuesday, July 12th. National Bank Financial lifted their target price on shares of Richmont Mines from C$12.50 to C$13.50 and gave the company a “sector perform” rating in a research note on Tuesday, August 9th. CIBC lifted their target price on shares of Richmont Mines from C$13.00 to C$14.50 and gave the company a “sector perform” rating in a research note on Tuesday, August 9th. Finally, Pi Financial lifted their target price on shares of Richmont Mines from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$12.16.

Richmont Mines (TSE:RIC) traded up 6.38% on Wednesday, reaching $14.01. 267,018 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $12.79 and a 200 day moving average of $10.75. Richmont Mines has a 12 month low of $3.50 and a 12 month high of $14.99. The stock has a market capitalization of $878.27 million and a PE ratio of 80.06.

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/td-securities-reiterates-buy-rating-for-richmont-mines-inc-ric.html

Richmont Mines Company Profile

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.

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TD Securities Reiterates “Buy” Rating for Richmont Mines Inc. (RIC)

Richmont Mines Inc. (TSE:RIC)‘s stock had its “buy” rating reissued by equities researchers at TD Securities in a research note issued to investors on Wednesday, StockTargetPrices.com reports. They presently 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 current price.

A number of other analysts have also recently issued reports on RIC. Scotiabank reiterated a “sector perform” rating and issued a C$11.00 target price on shares of Richmont Mines in a research note on Thursday, July 14th. Canaccord Genuity lifted their target price on shares of Richmont Mines from C$11.50 to C$15.50 in a research note on Tuesday, July 12th. National Bank Financial lifted their target price on shares of Richmont Mines from C$12.50 to C$13.50 and gave the company a “sector perform” rating in a research note on Tuesday, August 9th. CIBC lifted their target price on shares of Richmont Mines from C$13.00 to C$14.50 and gave the company a “sector perform” rating in a research note on Tuesday, August 9th. Finally, Pi Financial lifted their target price on shares of Richmont Mines from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of C$12.16.

Richmont Mines (TSE:RIC) traded up 6.38% on Wednesday, reaching $14.01. 267,018 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $12.79 and a 200 day moving average of $10.75. Richmont Mines has a 12 month low of $3.50 and a 12 month high of $14.99. The stock has a market capitalization of $878.27 million and a PE ratio of 80.06.

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/td-securities-reiterates-buy-rating-for-richmont-mines-inc-ric.html

Richmont Mines Company Profile

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.

Stock Target Prices

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.

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