Media stories about Richmont Mines (NYSE:RIC) (TSE:RIC) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Richmont Mines earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 43.2753260931328 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Richmont Mines (RIC) traded up $0.25 during midday trading on Friday, hitting $9.60. 868,200 shares of the stock traded hands, compared to its average volume of 466,921. Richmont Mines has a 12-month low of $5.45 and a 12-month high of $10.45. The stock has a market cap of $611.66 and a price-to-earnings ratio of 35.56. The company has a quick ratio of 2.86, a current ratio of 3.09 and a debt-to-equity ratio of 0.02.
Richmont Mines (NYSE:RIC) (TSE:RIC) last released its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. Richmont Mines had a net margin of 13.14% and a return on equity of 8.60%. The firm had revenue of $36.55 million during the quarter, compared to analyst estimates of $36.45 million. The company’s revenue was up 52.0% compared to the same quarter last year. analysts forecast that Richmont Mines will post 0.25 EPS for the current fiscal year.
RIC has been the subject of several research reports. Zacks Investment Research lowered shares of Richmont Mines from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. TD Securities reaffirmed a “buy” rating and set a $12.33 price target on shares of Richmont Mines in a research report on Friday, November 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Richmont Mines currently has an average rating of “Hold” and an average target price of $11.67.
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Richmont Mines Company Profile
Richmont Mines Inc, formerly Ressources Minieres Rouyn Inc, is a Canada-based mining company. The Company is engaged in the mining, exploration and development of mining properties, principally gold. The Company operates gold mines at various sites in Quebec and Ontario. The Company’s segments include Quebec and Ontario.
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