News stories about Richmont Mines (NYSE:RIC) (TSE:RIC) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Richmont Mines earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 43.11442843959 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Richmont Mines (RIC) opened at $9.60 on Thursday. The stock has a market capitalization 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 has a 52 week low of $5.45 and a 52 week high of $10.45.

Richmont Mines (NYSE:RIC) (TSE:RIC) last posted its earnings results on Wednesday, November 8th. The basic materials company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $36.55 million for the quarter, compared to analyst estimates of $36.45 million. Richmont Mines had a return on equity of 8.60% and a net margin of 13.14%. The company’s revenue for the quarter was up 52.0% compared to the same quarter last year. analysts anticipate that Richmont Mines will post 0.25 EPS for the current year.

Several analysts have recently issued reports on RIC shares. Zacks Investment Research upgraded Richmont Mines from a “sell” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Thursday, October 19th. TD Securities reiterated a “buy” rating and issued a $12.33 price objective on shares of Richmont Mines in a research note on Friday, November 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $11.67.

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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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