Ciner Resources LP (NYSE:CINR) has received a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $25.00.
A number of research analysts recently issued reports on CINR shares. B. Riley reiterated a “buy” rating on shares of Ciner Resources in a report on Wednesday, November 1st. Zacks Investment Research lowered Ciner Resources from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine upgraded Ciner Resources from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, SunTrust Banks reiterated a “hold” rating on shares of Ciner Resources in a report on Tuesday, December 19th.
Ciner Resources (NYSE CINR) opened at $27.31 on Monday. Ciner Resources has a 52-week low of $22.61 and a 52-week high of $32.50. The company has a market capitalization of $549.62, a price-to-earnings ratio of 14.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.08 and a current ratio of 3.48.
Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its holdings in Ciner Resources by 0.3% during the 2nd 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 during the last quarter. Starfire Investment Advisers Inc. purchased a new stake in Ciner Resources during the 4th quarter worth about $486,000. Western Standard LLC purchased a new stake in Ciner Resources during the 3rd quarter worth about $816,000. Bank of New York Mellon Corp lifted its holdings in Ciner Resources by 16.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 71,021 shares of the basic materials company’s stock worth $1,946,000 after buying an additional 10,150 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Ciner Resources by 1.2% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 9.00% of the company’s stock.
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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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