Shares of Ciner Resources LP (NYSE:CINR) have been given a consensus rating of “Hold” by the six research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $28.75.
A number of equities analysts have commented on CINR shares. Zacks Investment Research cut shares of Ciner Resources from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th. BidaskClub cut shares of Ciner Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 6th. ValuEngine cut shares of Ciner Resources from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Citigroup Inc. restated a “neutral” rating and issued a $25.00 price objective (down from $29.00) on shares of Ciner Resources in a report on Thursday.
Ciner Resources (CINR) traded down 5.27% on Monday, hitting $23.91. 43,025 shares of the stock were exchanged. The company has a market capitalization of $481.28 million, a PE ratio of 12.02 and a beta of 0.97. Ciner Resources has a 1-year low of $22.61 and a 1-year high of $32.50. The company has a 50-day moving average price of $27.01 and a 200 day moving average price of $28.29.
Ciner Resources (NYSE:CINR) last released its quarterly earnings results on Monday, August 7th. The basic materials company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.12. Ciner Resources had a return on equity of 15.65% and a net margin of 8.18%. The company had revenue of $119.70 million during the quarter, compared to analysts’ expectations of $129.20 million. During the same period in the prior year, the firm earned $0.52 EPS. Ciner Resources’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts anticipate that Ciner Resources will post $1.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 7th will be issued a dividend of $0.567 per share. This is a positive change from Ciner Resources’s previous quarterly dividend of $0.56. This represents a $2.27 dividend on an annualized basis and a yield of 9.49%. The ex-dividend date of this dividend is Thursday, August 3rd. Ciner Resources’s dividend payout ratio is currently 114.07%.
Large investors have recently bought and sold shares of the stock. California Public Employees Retirement System raised 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. FMR LLC raised 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. Bank of New York Mellon Corp raised its stake in Ciner Resources by 16.7% in 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 buying an additional 10,150 shares in the last quarter. Pointe Capital Management LLC purchased a new stake in Ciner Resources during the first quarter worth approximately $737,000. Finally, U S Global Investors Inc raised its stake in Ciner Resources by 29.1% in the first quarter. U S Global Investors Inc now owns 46,200 shares of the basic materials company’s stock worth $1,318,000 after buying an additional 10,400 shares in the last quarter. Institutional investors own 9.01% 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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