DA Davidson assumed coverage on shares of Ciner Resources LP (NYSE:CINR) in a report released on Thursday. The brokerage issued a neutral rating on the stock.
CINR has been the subject of a number of other research reports. Zacks Investment Research cut Ciner Resources from a hold rating to a sell rating in a report on Tuesday, August 9th. FBR & Co reiterated a buy rating and set a $35.00 target price on shares of Ciner Resources in a report on Monday, August 8th. Finally, Citigroup Inc. lowered their target price on Ciner Resources from $30.00 to $29.00 and set a neutral rating for the company in a report on Monday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $29.80.
Ciner Resources (NYSE:CINR) traded up 0.06% during trading on Thursday, hitting $30.87. The company had a trading volume of 20,246 shares. The stock has a market capitalization of $619.01 million, a PE ratio of 13.06 and a beta of 1.15. The stock has a 50-day moving average of $29.90 and a 200-day moving average of $28.98. Ciner Resources has a one year low of $18.81 and a one year high of $39.10.
Ciner Resources (NYSE:CINR) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.04. The business had revenue of $116.70 million for the quarter, compared to analyst estimates of $117.27 million. Ciner Resources had a return on equity of 23.78% and a net margin of 13.04%. The firm’s revenue was down 4.9% on a year-over-year basis. On average, equities analysts anticipate that Ciner Resources will post $2.29 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. bought a new position in shares of Ciner Resources during the third quarter valued at $263,000. Mountain Lake Investment Management LLC boosted its position in shares of Ciner Resources by 1.0% in the second quarter. Mountain Lake Investment Management LLC now owns 250,000 shares of the company’s stock valued at $7,005,000 after buying an additional 2,500 shares during the last quarter. KCG Holdings Inc. bought a new position in shares of Ciner Resources during the second quarter valued at $206,000. Van ECK Associates Corp boosted its position in shares of Ciner Resources by 2.4% in the second quarter. Van ECK Associates Corp now owns 154,453 shares of the company’s stock valued at $4,328,000 after buying an additional 3,626 shares during the last quarter. Finally, Allianz Asset Management AG bought a new position in shares of Ciner Resources during the second quarter valued at $228,000. Institutional investors own 19.86% of the company’s stock.
Ciner Resources Company Profile