Shares of Ciner Resources LP (NYSE:CINR) have earned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $25.00.
Several equities research analysts have recently weighed in on the company. ValuEngine upgraded Ciner Resources from a “hold” rating to a “buy” rating in a research report on Friday. B. Riley reissued a “buy” rating on shares of Ciner Resources in a report on Wednesday, November 1st. Zacks Investment Research lowered Ciner Resources from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Citigroup reissued 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 Ciner Resources from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 13th.
Shares of Ciner Resources (CINR) opened at $26.17 on Friday. Ciner Resources has a 52-week low of $22.61 and a 52-week high of $32.50. The firm has a market capitalization of $526.68, a PE ratio of 13.68 and a beta of 0.99. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were issued a dividend of $0.567 per share. This is a positive change from Ciner Resources’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.27 annualized dividend and a dividend yield of 8.67%. Ciner Resources’s payout ratio is presently 119.47%.
Several hedge funds and other institutional investors have recently modified their holdings of CINR. Bank of New York Mellon Corp grew its holdings in shares of Ciner Resources by 16.7% during the second quarter. Bank of New York Mellon Corp now owns 71,021 shares of the basic materials company’s stock worth $1,946,000 after purchasing an additional 10,150 shares in the last quarter. FMR LLC boosted its stake in Ciner Resources by 97.5% in the second quarter. FMR LLC now owns 285,435 shares of the basic materials company’s stock worth $7,821,000 after buying an additional 140,931 shares in the last quarter. California Public Employees Retirement System boosted its stake in 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 worth $2,496,000 after buying an additional 1,100 shares in the last quarter. Walthausen & Co. LLC boosted its stake in Ciner Resources by 15.1% in the second quarter. Walthausen & Co. LLC now owns 403,860 shares of the basic materials company’s stock worth $11,066,000 after buying an additional 53,090 shares in the last quarter. Finally, Advisory Services Network LLC boosted its stake in 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 worth $294,000 after buying an additional 32 shares in the last quarter. 9.11% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This article was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/12/03/ciner-resources-lp-cinr-receives-consensus-rating-of-hold-from-brokerages.html.
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.
Receive News & Ratings for Ciner Resources LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ciner Resources LP and related companies with MarketBeat.com's FREE daily email newsletter.