Ciner Resources LP (NYSE:CINR) had declared a cash dividend of $0.5670 on Jul 14, 2016. The shares will quote ex-dividend on Jul 27, 2016 and the record date has been fixed for Jul 29, 2016. On Jul 14, 2016 share price, the yield comes out to be 7.0588%. The dividend payable date has been fixed on Aug 12, 2016.
In a different note, On Jul 7, 2016, Citigroup said it Maintains its rating on Ciner Resources LP. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Neutral’ by the firm. Ladenburg Thalmann said it Initiates Coverage on Ciner Resources LP, according to a research note issued on Apr 19, 2016. The shares have been rated ‘Buy’ by the firm. On Apr 18, 2016, Citigroup said it Maintains its rating on Ciner Resources LP. In the research note, the firm Raises the price-target to $21.50 per share. The shares have been rated ‘Neutral’ by the firm.
Ciner Resources LP(CINR) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $114.40M. Analysts had an estimated revenue of $120.60M. Earnings per share were $0.51. Analysts had estimated an EPS of $0.58.
Ciner Resources LP formerly OCI Resources LP (OCIR) owns a controlling 51.0% membership interest and operates the trona ore mining and soda ash production business of OCI Wyoming LLC (OCI Wyoming). OCI Wyoming is a producer of soda ash serving a global market from the Company’s facility in the Green River Basin of Wyoming. The Company processes trona ore into soda ash a raw material in flat glass container glass detergents chemicals paper and other consumer and industrial products. As at December 31 2014 the Company’s Green River Basin surface operations were situated on approximately 880 acres in Wyoming and its mining operations consisted of approximately 23500 acres of leased and licensed subsurface mining area. The Company primarily sells soda ash to American Natural Soda Ash Corporation (ANSAC).