Ciner Resources LP (NYSE:CINR)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $23.12 and last traded at $23.09, with a volume of 100 shares changing hands. The stock had previously closed at $23.12.

A number of equities analysts have issued reports on CINR shares. Zacks Investment Research lowered Ciner Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. ValuEngine lowered Ciner Resources from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. B. Riley reaffirmed a “buy” rating and issued a $28.00 target price on shares of Ciner Resources in a research report on Monday, November 26th. Finally, Citigroup cut their target price on Ciner Resources from $28.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, November 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Ciner Resources presently has a consensus rating of “Hold” and an average target price of $28.25.

The company has a debt-to-equity ratio of 0.40, a current ratio of 2.33 and a quick ratio of 2.02. The firm has a market cap of $456.85 million, a price-to-earnings ratio of 11.21 and a beta of 0.80.

Ciner Resources (NYSE:CINR) last issued its quarterly earnings results on Monday, November 5th. The basic materials company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.16). Ciner Resources had a net margin of 10.19% and a return on equity of 19.76%. The firm had revenue of $123.40 million during the quarter, compared to the consensus estimate of $130.30 million. Sell-side analysts expect that Ciner Resources LP will post 2.44 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 20th. Stockholders of record on Monday, November 5th were issued a $0.567 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 9.77%. This is an increase from Ciner Resources’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, November 2nd. Ciner Resources’s payout ratio is 109.66%.

Several hedge funds and other institutional investors have recently modified their holdings of CINR. Western Standard LLC increased its holdings in shares of Ciner Resources by 23.6% in the 2nd quarter. Western Standard LLC now owns 58,244 shares of the basic materials company’s stock valued at $1,531,000 after acquiring an additional 11,133 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Ciner Resources in the 2nd quarter valued at approximately $878,000. Finally, Bank of America Corp DE increased its holdings in shares of Ciner Resources by 110.0% in the 2nd quarter. Bank of America Corp DE now owns 4,200 shares of the basic materials company’s stock valued at $110,000 after acquiring an additional 2,200 shares during the last quarter. Institutional investors and hedge funds own 8.69% of the company’s stock.

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Ciner Resources Company Profile (NYSE:CINR)

Ciner Resources LP engages in the trona ore mining and soda ash production businesses in the United States and internationally. It processes trona ore into soda ash, which is a raw material in flat glass, container glass, detergents, chemicals, paper, and other consumer and industrial products. The company has approximately 23,500 acres of leased and licensed subsurface mining areas in the Green River Basin of Wyoming.

See Also: Diversification

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