Analyst Activity – Scotiabank Reiterates Sector Perform on Richmont Mines (TSE:RIC)

Analyst Ratings For Richmont Mines (TSE:RIC)

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Today, Scotiabank reiterated its Sector Perform rating on Richmont Mines (TSE:RIC) with a price target of C$12.50.

There are 2 hold ratings, 6 buy ratings on the stock.

The current consensus rating on Richmont Mines (TSE:RIC) is Buy (Score: 2.75) with a consensus target price of C$13.75 per share, a potential .

Some recent analyst ratings include

  • 5/19/2017-Scotiabank Reiterated Rating of Sector Perform .
  • 5/5/2017-TD Securities Reiterated Rating of Buy.
  • 4/17/2017-BMO Capital Markets Reiterated Rating of Market Perform.
  • 2/1/2017-CIBC Upgrade from a “Neutral ” rating to a ” Outperform” rating.
  • 11/17/2016-National Bank Financial Upgrade from a “Sector Perform ” rating to a ” Outperform” rating.

    About Richmont Mines (TSE:RIC)
    Richmont Mines Inc. is a mining company. The Company is engaged in 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. The Company is engaged in producing gold from the Island Gold Mine in Ontario and the Beaufor Mine in Quebec. The Island Gold mine is located 83 kilometers northeast of Wawa, Ontario. It is part of the Island Gold Project, which is divided into nine parts (properties) comprising 219 patented, leased and staked claims covering 7,772 hectares, mainly within the townships of Finan and Jacobson. The Island Gold Project is located in the Michipicoten Greenstone Belt. The Beaufor Mine is located 25 kilometers northeast of Val-d’Or, Quebec. The Camflo mill has rated capacity of 1,200 short tons per day. It is located at Malartic, Quebec. The 7.58 square kilometers Wasamac property is located in the west of Rouyn-Noranda, Quebec.

    Recent Trading Activity for Richmont Mines (TSE:RIC)
    Shares of Richmont Mines closed the previous trading session at 9.96 down -0.28 -2.73% with 250,449 shares trading hands.

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