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.

Ciner Resources (NYSE:CINR) last posted its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). Ciner Resources had a return on equity of 15.13% and a net margin of 7.77%. The business had revenue of $122.50 million during the quarter, compared to analyst estimates of $118.10 million. During the same period last year, the company earned $0.56 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. sell-side analysts predict that Ciner Resources will post 1.97 earnings per share for the current year.

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.

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