Richmont Mines ( RIC ) saw a big move in the last trading session, as the company's shares fell by 12% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for RIC, as the stock is now up over 33% in the past one-month time frame.
The company, which engages in mining, exploration, and development of mining properties, has not seen any estimate revisions over the past month, and the earnings consensus hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
RIC currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Investors interested in the mining industry may consider better-ranked stocks like Golden Star Resources Ltd.
), Lake Shore Gold Corp.
) and Nevsun Resources Ltd.
). All these stocks carry a Zacks Rank #2 (Buy).
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. Click to get this free report >>GOLDEN STAR RES (GSS): Free Stock Analysis ReportLAKE SHORE GOLD (LSG): Free Stock Analysis ReportNEVSUN RESOURCS (NSU): Free Stock Analysis ReportRICHMONT MINES (RIC): Free Stock Analysis ReportTo read this article on Zacks.com click here.