Ciner Resources (CINR) Upgraded by ValuEngine to Buy
Ciner Resources (NYSE:CINR) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.
Other research analysts have also issued research reports about the stock. B. Riley reissued a “buy” rating on shares of Ciner Resources in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Ciner Resources from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Citigroup reaffirmed a “neutral” rating and set a $25.00 price objective (down previously from $29.00) on shares of Ciner Resources in a report on Thursday, August 10th. Finally, BidaskClub raised shares of Ciner Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Ciner Resources currently has an average rating of “Hold” and a consensus price target of $25.00.
Ciner Resources (CINR) traded up $0.22 during midday trading on Friday, hitting $26.17. 28,866 shares of the company traded hands, compared to its average volume of 15,215. Ciner Resources has a twelve month low of $22.61 and a twelve month high of $32.50. The company has a current ratio of 3.48, a quick ratio of 3.08 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $516.23, a PE ratio of 13.77 and a beta of 1.00.
Several institutional investors have recently modified their holdings of CINR. Advisory Services Network LLC increased its holdings in shares of Ciner Resources by 0.3% in the second quarter. Advisory Services Network LLC now owns 10,723 shares of the basic materials company’s stock valued at $294,000 after purchasing an additional 32 shares in the last quarter. Western Standard LLC acquired a new stake in shares of Ciner Resources in the third quarter valued at approximately $816,000. Bank of New York Mellon Corp increased its holdings in shares of Ciner Resources by 16.7% in the second quarter. Bank of New York Mellon Corp now owns 71,021 shares of the basic materials company’s stock valued at $1,946,000 after purchasing an additional 10,150 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Ciner Resources by 1.2% in the second quarter. California Public Employees Retirement System now owns 91,100 shares of the basic materials company’s stock valued at $2,496,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Midas Management Corp increased its holdings in shares of Ciner Resources by 17.4% in the third quarter. Midas Management Corp now owns 111,302 shares of the basic materials company’s stock valued at $2,788,000 after purchasing an additional 16,500 shares in the last quarter. 9.11% of the stock is owned by institutional investors and hedge funds.
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Ciner Resources Company Profile
Ciner Resources LP, through its subsidiary, Ciner Wyoming LLC (Ciner Wyoming), produces soda ash and serves a global market from its facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash, a raw material in flat glass, container glass, detergents, chemicals, paper and other consumer and industrial products.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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