Richmont Mines (RIC) Shares are Up 0.3%

On a relative basis, the stock has outperformed the S&P 500 by 10.15% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.3% in the last 1 week, and is up 7.91% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 6.6% and the 50-Day Moving Average is 1.92%.The 200 Day SMA reached 48.66% Richmont Mines Inc. is up 11.12% in the last 3-month period. Year-to-Date the stock performance stands at 214.33%.


Richmont Mines (RIC) : Currently there are 3 street experts covering Richmont Mines (RIC) stock. The most bullish and bearish price target for the stock is $13 and $5 respectively for the short term. The average price target of all the analysts comes to $9.29. The estimated standard deviation from the target is $3.82.

For the current week, the company shares have a recommendation consensus of Buy. Richmont Mines (NYSEMKT:RIC): The stock opened at $9.28 and touched an intraday high of $10.09 on Friday. During the day, the stock corrected to an intraday low of $8.83, however, the bulls stepped in and pushed the price higher to close in the green at $10.09 with a gain of 7.23% for the day. The total traded volume for the day was 18,086,904. The stock had closed at $10.09 in the previous trading session.

Richmont Mines Inc. (Richmont) is principally engaged in activities related to the acquisition, exploration, development and operation of mineral properties. The Company operates around three gold mines (the Beaufor and Monique mines in Quebec and the Island Gold Mine in Ontario) and is also engaged in the development of the extension of its Island Gold Mine operations. The Companys Beaufor Mine property and the W Zone Mine, 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-dOr in the Abitibi-East county, in the Province of Quebec. The Companys Monique Mine is located 25 kilometers east of Val-dOr, in the province of Quebec. Richmonts Island Gold Mine is located approximately 83 kilometers northeast of Wawa, Ontario in the Sault Ste. Marie Mining Division.

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