Ciner Resources LP (NYSE:CINR) declared a quarterly dividend on Tuesday, October 29th, Fidelity reports. Investors of record on Friday, November 8th will be paid a dividend of 0.34 per share by the basic materials company on Wednesday, November 20th. This represents a $1.36 annualized dividend and a yield of 7.11%. The ex-dividend date of this dividend is Thursday, November 7th.
CINR traded up $0.95 during midday trading on Tuesday, hitting $19.12. The company’s stock had a trading volume of 700 shares, compared to its average volume of 11,785. The company has a current ratio of 3.28, a quick ratio of 2.85 and a debt-to-equity ratio of 0.53. The firm has a market cap of $358.68 million, a P/E ratio of 8.03 and a beta of 1.09. The firm has a 50-day moving average price of $17.45 and a two-hundred day moving average price of $18.12. Ciner Resources has a 52-week low of $14.87 and a 52-week high of $25.95.
Ciner Resources (NYSE:CINR) last posted its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.56 EPS for the quarter. The company had revenue of $129.80 million during the quarter. Ciner Resources had a return on equity of 17.76% and a net margin of 9.03%.
Separately, ValuEngine upgraded Ciner Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Ciner Resources presently has a consensus rating of “Hold” and a consensus price target of $26.00.
Ciner Resources Company Profile
Ciner Resources LP engages in the trona ore mining and soda ash production businesses in the United States and internationally. It processes trona ore into soda ash, which is a raw material in flat glass, container glass, detergents, chemicals, paper, and other consumer and industrial products. The company has approximately 23,500 acres of leased and licensed subsurface mining areas in the Green River Basin of Wyoming.
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