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TD Securities disclosed Richmont Mines (TSE:RIC), hiking its price target to $16.50 earlier today

Reporting as potential upside of 0.19%, TD Securities upped the price target of Richmont Mines (TSE:RIC) to $16.50

On 09/13/2016, Scotia Capital released a statement about Richmont Mines (TSE:RIC) upped the target price from $0.00 to $14.75 that suggested an upside of 0.15%.

Having a price of $13.92, Richmont Mines (TSE:RIC) traded 7.67% higher on the day. With the last stock price up 31.89% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. RIC has recorded a 50-day average of $12.79 and a two hundred day average of $10.75. Trade Volume was down over the average, with 330,794 shares of RIC changing hands under the typical 387,532

Recent Performance Chart

Richmont Mines (TSE:RIC)

Richmont Mines has PE ratio of 81.03 with a one year low of $3.50 and a one year high of $14.99 and has a market capitalization of $0.

A total of 12 brokerages have released a report on Richmont Mines. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, zero brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $10.86.

General Company Details For Richmont Mines (TSE:RIC)

Richmont Mines Inc. is a mining company. The Company is engaged in activities related to the acquisition, exploration, development and operation of mineral properties. Its segments include Quebec and Ontario. It has two divisions: Ontario Division and Quebec Division. Its Island Gold Mine is located approximately 80 kilometers northeast of Wawa, Ontario in the Sault Ste. Marie Mining Division. Dubreuilville, Ontario is approximately 10 kilometers northwest of the Island Gold Mine. The Island Gold property is divided into approximately nine parts, which consists of over 220 patented, leased and staked claims. Its Beaufor Mine property along with other adjacent properties, such as Pascalis, Perron, Colombiere, Courvan and Perron Blocks 2 and 3, are located approximately 20 kilometers northeast of the town of Val-d'Or, in the Abitibi-East county, in the Province of Quebec. Its approximately 1,200 tons per day (tpd) Camflo mill is located over 50 kilometers from Beaufor Mine property.

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