Richmont Mines Inc. (TSE:RIC) (ARCA:RIC) will be releasing its earnings data before the market opens on Thursday, August 3rd.

Shares of Richmont Mines Inc. (TSE RIC) traded down 0.48% during trading on Thursday, reaching $10.36. The company’s stock had a trading volume of 423,269 shares. Richmont Mines Inc. has a 12-month low of $7.36 and a 12-month high of $15.01. The firm’s 50-day moving average is $9.96 and its 200-day moving average is $10.18. The stock has a market capitalization of $660.20 million and a PE ratio of 70.96.

In other Richmont Mines news, insider Christian Bourcier acquired 7,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were bought at an average cost of C$10.07 per share, with a total value of C$70,490.00.

Several brokerages recently weighed in on RIC. Scotiabank reiterated a “sector perform” rating and set a C$12.50 price target on shares of Richmont Mines in a research report on Friday, May 19th. TD Securities reiterated a “buy” rating and set a C$15.50 price target on shares of Richmont Mines in a research report on Friday, May 5th. National Bank Financial reiterated an “outperform market weight” rating on shares of Richmont Mines in a research report on Monday, May 22nd. BMO Capital Markets reiterated a “market perform” rating and set a C$12.25 price target on shares of Richmont Mines in a research report on Monday, April 17th. Finally, Cormark upgraded 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 report on Thursday, June 1st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$14.00.

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About Richmont Mines

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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