BMO Capital Downgrades Richmont Mines (RIC) to Underperform

September 29, 2016 9:29 AM EDT
Get Alerts RIC Hot Sheet
Price: $7.65 +1.32%

Rating Summary:
    3 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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BMO Capital downgraded Richmont Mines (NYSE: RIC) from Market Perform to Underperform with a price target of C$14.00 on valuaton.

Analyst Brian Quast commented, "Shares of Richmont have had an impressive run, up ~205% YTD. We are recommending that investors look to take profits at these levels. We are maintaining our C$14 target price, but downgrading our rating to Underperform from Market Perform given the diminished implied return to target price."

For an analyst ratings summary and ratings history on Richmont Mines click here. For more ratings news on Richmont Mines click here.

Shares of Richmont Mines closed at $10.67 yesterday.

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