Insider Selling: Richmont Mines Inc. (RIC) Insider Sells 10,000 Shares of Stock
Richmont Mines Inc. (TSE:RIC) (ARCA:RIC) insider Christian Bourcier sold 10,000 shares of Richmont Mines stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of C$10.53, for a total value of C$105,300.00.
Christian Bourcier also recently made the following trade(s):
- On Tuesday, June 6th, Christian Bourcier bought 7,000 shares of Richmont Mines stock. The stock was bought at an average price of C$10.07 per share, with a total value of C$70,490.00.
Shares of Richmont Mines Inc. (TSE:RIC) traded down 0.38% during midday trading on Monday, hitting $10.54. The company had a trading volume of 166,424 shares. The company has a 50-day moving average of $9.84 and a 200-day moving average of $9.98. Richmont Mines Inc. has a 12 month low of $7.36 and a 12 month high of $15.01. The company has a market capitalization of $666.54 million and a PE ratio of 65.88.
A number of equities research analysts recently issued reports on RIC shares. Cormark raised Richmont Mines from a “market perform” rating to a “buy” rating and set a C$14.00 price target for the company in a research note on Thursday, June 1st. BMO Capital Markets reissued a “market perform” rating and set a C$12.25 price target on shares of Richmont Mines in a research note on Tuesday, May 30th. National Bank Financial reissued an “outperform market weight” rating on shares of Richmont Mines in a research note on Monday, May 22nd. Scotiabank reissued a “sector perform” rating and set a C$12.50 price target on shares of Richmont Mines in a research note on Friday, May 19th. Finally, TD Securities reissued a “buy” rating and set a C$15.50 price target on shares of Richmont Mines in a research note on Friday, May 5th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Richmont Mines presently has an average rating of “Buy” and a consensus price target of C$14.00.
Richmont Mines Company Profile
Richmont Mines Inc is a mining company. The Company is engaged in mining, exploration and development of mining properties, principally gold. The Company operates gold mines at various sites in Quebec and Ontario. The Company’s segments include Quebec and Ontario. The Company is engaged in producing gold from the Island Gold Mine in Ontario and the Beaufor Mine in Quebec.
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