Richmont Mines Inc. (TSE:RIC) (ARCA:RIC) Director Renaud Adams sold 29,900 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of C$10.00, for a total value of C$299,000.00.
Renaud Adams also recently made the following trade(s):
- On Tuesday, August 15th, Renaud Adams acquired 5,000 shares of Richmont Mines stock. The stock was bought at an average price of C$9.69 per share, for a total transaction of C$48,450.00.
- On Wednesday, August 16th, Renaud Adams acquired 5,000 shares of Richmont Mines stock. The stock was bought at an average price of C$9.69 per share, for a total transaction of C$48,450.00.
- On Wednesday, August 9th, Renaud Adams sold 100 shares of Richmont Mines stock. The shares were sold at an average price of C$10.00, for a total value of C$1,000.00.
Richmont Mines Inc. (TSE RIC) opened at 10.13 on Friday. The firm has a market capitalization of $645.89 million and a P/E ratio of 36.97. Richmont Mines Inc. has a one year low of $7.36 and a one year high of $15.01. The stock has a 50 day moving average price of $9.91 and a 200 day moving average price of $10.11.
COPYRIGHT VIOLATION NOTICE: This piece was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/08/26/richmont-mines-inc-ric-director-sells-c299000-00-in-stock.html.
Several equities research analysts have recently weighed in on RIC shares. National Bank Financial started coverage on Richmont Mines in a research note on Tuesday, May 23rd. They issued an “outperform” rating and a C$13.50 price objective on the stock. Cormark upgraded Richmont Mines from a “market perform” rating to a “buy” rating and set a C$14.00 price objective on the stock in a research note on Thursday, June 1st. BMO Capital Markets reiterated a “market perform” rating and issued a C$12.25 price objective on shares of Richmont Mines in a research note on Tuesday, May 30th. TD Securities reiterated a “buy” rating and issued a C$15.50 price objective on shares of Richmont Mines in a research note on Friday, May 5th. Finally, Scotiabank reiterated a “sector perform” rating and issued a C$12.50 price objective on shares of Richmont Mines in a research note on Friday, May 19th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$14.00.
About Richmont Mines
Richmont Mines Inc engages in the mining, exploration, and development of mining properties in Canada. The company holds interests in the Island Gold mine in Ontario; and the Beaufor mine and Camflo Mill in Quebec. As of December 31, 2016, it had proven and probable reserves of 752,200 ounces of gold at the Island Gold Mine; and 44,920 ounces of gold at the Beaufor Mine.
Receive News & Ratings for Richmont Mines Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Richmont Mines Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
