Richmont Mines (RIC) Slumps: RIC Falls 12% in Session - Tale of the Tape

By
A A A

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. ( GSS ), Lake Shore Gold Corp. ( LSG ) and Nevsun Resources Ltd. ( NSU ). All these stocks carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>


GOLDEN STAR RES (GSS): Free Stock Analysis Report

LAKE SHORE GOLD (LSG): Free Stock Analysis Report

NEVSUN RESOURCS (NSU): Free Stock Analysis Report

RICHMONT MINES (RIC): Free Stock Analysis Report

To read this article on Zacks.com click here.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: GSS , LSG , NSU , RIC

Zacks.com

Zacks.com

More from Zacks.com:

Related Videos

Save Money in the Kitchen
Save Money in the Kitchen           

Stocks

Referenced

Most Active by Volume

89,873,982
  • $17.67 ▼ 1.28%
64,126,835
  • $11.37 ▼ 7.49%
54,368,666
  • $3.84 ▼ 1.03%
49,751,147
  • $34.32 ▲ 0.09%
48,491,927
  • $3.10 ▼ 9.88%
43,509,749
  • $14.55 ▲ 1.11%
42,710,239
  • $122.77 ▼ 1.39%
41,617,381
  • $28.35 ▲ 1.03%
As of 7/27/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com