The Richmont Mines Inc. (RIC) Stock Rating Reaffirmed by BMO Capital Markets

The Richmont Mines Inc. (RIC) Stock Rating Reaffirmed by BMO Capital Markets

Richmont Mines Inc. (TSE:RIC)‘s stock had its “underperform” rating reissued by investment analysts at BMO Capital Markets in a research report issued on Friday. They presently have a C$13.00 price objective on the stock. BMO Capital Markets’ price target indicates a potential upside of 13.44% from the stock’s current price.

Other research analysts also recently issued reports about the company. CIBC upped their price target on Richmont Mines from C$13.00 to C$14.50 and gave the stock a “sector perform” rating in a research note on Tuesday, August 9th. TD Securities upped their price target on Richmont Mines from C$15.00 to C$16.50 and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Scotiabank reaffirmed a “sector perform” rating and set a C$14.75 price target on shares of Richmont Mines in a research note on Tuesday, September 13th. National Bank Financial upped their price target on Richmont Mines from C$12.50 to C$13.50 and gave the stock a “sector perform” rating in a research note on Tuesday, August 9th. Finally, Canaccord Genuity upped their price target on Richmont Mines from C$11.50 to C$15.50 in a research note on Tuesday, July 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$12.10.

Shares of Richmont Mines (TSE:RIC) opened at 11.46 on Friday. Richmont Mines has a 12-month low of $3.73 and a 12-month high of $15.01. The firm has a market capitalization of $718.42 million and a PE ratio of 65.49. The company’s 50-day moving average price is $12.61 and its 200 day moving average price is $11.50.

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