Research Analysts Set Expectations for Richmont Mines Inc.’s Q3 2016 Earnings (RIC)
Richmont Mines Inc. (TSE:RIC) – National Bank Financial issued their Q3 2016 earnings estimates for shares of Richmont Mines in a research note issued on Wednesday. National Bank Financial analyst A. Melnyk anticipates that the firm will post earnings of $0.03 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating and a $13.50 target price on the stock. National Bank Financial also issued estimates for Richmont Mines’ FY2016 earnings at $0.28 EPS and FY2017 earnings at $0.67 EPS.
Several other equities research analysts have also commented on RIC. BMO Capital Markets restated an “underperform” rating on shares of Richmont Mines in a research report on Thursday, September 29th. TD Securities restated a “buy” rating and set a C$16.50 target price on shares of Richmont Mines in a research report on Wednesday, September 21st. Scotiabank restated a “sector perform” rating and set a C$14.75 target price on shares of Richmont Mines in a research report on Tuesday, September 13th. CIBC boosted their target price on shares of Richmont Mines from C$13.00 to C$14.50 and gave the stock a “sector perform” rating in a research report on Tuesday, August 9th. Finally, Canaccord Genuity boosted their target price on shares of Richmont Mines from C$15.50 to C$17.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$12.16.
Shares of Richmont Mines (TSE:RIC) traded down 1.47% during midday trading on Friday, hitting $11.43. 110,703 shares of the stock were exchanged. The firm has a market cap of $716.54 million and a PE ratio of 65.31. The firm has a 50-day moving average price of $12.60 and a 200 day moving average price of $11.37. Richmont Mines has a 12-month low of $3.73 and a 12-month high of $15.01.
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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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