Richmont Mines Inc. (TSE:RIC) (ARCA:RIC)’s share price fell 0% during trading on Friday . The company traded as low as C$12.20 and last traded at C$12.25. 100,428 shares changed hands during trading, a decline of 74% from the average session volume of 379,840 shares. The stock had previously closed at C$12.25.
A number of research firms have recently commented on RIC. Scotiabank reissued a “tender” rating and set a C$12.25 price target on shares of Richmont Mines in a report on Tuesday, September 12th. CIBC lowered their price target on Richmont Mines from C$15.50 to C$14.25 in a report on Tuesday, September 12th. Finally, TD Securities lowered their price target on Richmont Mines from C$15.50 to C$14.20 and set a “tender” rating for the company in a report on Tuesday, September 12th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$13.65.
About Richmont Mines
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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