Richmont Mines Inc. (RIC) Director Purchases C$48,450.00 in Stock
Richmont Mines Inc. (TSE:RIC) (ARCA:RIC) Director Renaud Adams purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of C$9.69 per share, with a total value of C$48,450.00.
Renaud Adams also recently made the following trade(s):
- On Tuesday, August 15th, Renaud Adams purchased 5,000 shares of Richmont Mines stock. The stock was purchased at an average cost of C$9.69 per share, with a total value of C$48,450.00.
- On Wednesday, August 9th, Renaud Adams sold 100 shares of Richmont Mines stock. The shares were sold at an average price of C$10.00, for a total transaction of C$1,000.00.
Shares of Richmont Mines Inc. (TSE RIC) traded up 1.55% during trading on Wednesday, hitting $9.81. 169,723 shares of the stock traded hands. The company’s 50 day moving average is $9.91 and its 200 day moving average is $10.19. Richmont Mines Inc. has a 52-week low of $7.36 and a 52-week high of $15.01. The firm has a market cap of $625.49 million and a PE ratio of 35.80.
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Several research firms have recently weighed in on RIC. BMO Capital Markets reissued a “market perform” rating and issued a C$12.25 price target on shares of Richmont Mines in a research note on Tuesday, May 30th. TD Securities reissued a “buy” rating and issued a C$15.50 price target on shares of Richmont Mines in a research note on Friday, May 5th. National Bank Financial reissued an “outperform market weight” rating on shares of Richmont Mines in a research note on Monday, May 22nd. Cormark raised shares of 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. Finally, Scotiabank reissued a “sector perform” rating and issued a C$12.50 price target on shares of Richmont Mines in a research note on Friday, May 19th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Richmont Mines presently has an average rating of “Buy” and an average price target of C$14.00.
About Richmont Mines
Richmont Mines Inc engages in the mining, exploration, and development of mining properties in Canada. The company holds interests in the Island Gold mine in Ontario; and the Beaufor mine and Camflo Mill in Quebec. As of December 31, 2016, it had proven and probable reserves of 752,200 ounces of gold at the Island Gold Mine; and 44,920 ounces of gold at the Beaufor Mine.
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