Ciner Resources (CINR) Stock Rating Reaffirmed by SunTrust Banks

Ciner Resources (NYSE:CINR)‘s stock had its “hold” rating reissued by analysts at SunTrust Banks in a note issued to investors on Tuesday.

Several other equities research analysts have also recently commented on the stock. B. Riley reaffirmed a “buy” rating on shares of Ciner Resources in a research report on Wednesday, November 1st. ValuEngine raised shares of Ciner Resources from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Ciner Resources from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Finally, BidaskClub raised shares of Ciner Resources from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Ciner Resources has a consensus rating of “Hold” and a consensus price target of $25.00.

Ciner Resources (CINR) traded up $0.10 on Tuesday, reaching $25.41. 19,100 shares of the company’s stock were exchanged, compared to its average volume of 23,751. The company has a quick ratio of 3.08, a current ratio of 3.48 and a debt-to-equity ratio of 0.55. Ciner Resources has a 12-month low of $22.61 and a 12-month high of $32.50. The firm has a market cap of $499.27, a price-to-earnings ratio of 13.32 and a beta of 1.00.

Ciner Resources (NYSE:CINR) last announced its quarterly earnings results on Monday, November 6th. The basic materials company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.03). Ciner Resources had a net margin of 7.77% and a return on equity of 15.13%. The firm had revenue of $122.50 million during the quarter, compared to analyst estimates of $118.10 million. During the same period last year, the firm earned $0.56 EPS. Ciner Resources’s quarterly revenue was up 1.2% on a year-over-year basis. equities analysts forecast that Ciner Resources will post 1.97 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Western Standard LLC acquired a new position in shares of Ciner Resources during the 3rd quarter worth approximately $816,000. Wells Fargo & Company MN grew its position in shares of Ciner Resources by 80,992.0% during the 3rd quarter. Wells Fargo & Company MN now owns 162,184 shares of the basic materials company’s stock worth $4,063,000 after purchasing an additional 161,984 shares in the last quarter. Midas Management Corp grew its position in shares of Ciner Resources by 17.4% during the 3rd quarter. Midas Management Corp now owns 111,302 shares of the basic materials company’s stock worth $2,788,000 after purchasing an additional 16,500 shares in the last quarter. Advisory Services Network LLC grew its position in shares of Ciner Resources by 0.3% during the 2nd quarter. Advisory Services Network LLC now owns 10,723 shares of the basic materials company’s stock worth $294,000 after purchasing an additional 32 shares in the last quarter. Finally, Walthausen & Co. LLC grew its position in shares of Ciner Resources by 15.1% during the 2nd quarter. Walthausen & Co. LLC now owns 403,860 shares of the basic materials company’s stock worth $11,066,000 after purchasing an additional 53,090 shares in the last quarter. Institutional investors own 9.00% of the company’s stock.

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Ciner Resources Company Profile

Ciner Resources LP, through its subsidiary, Ciner Wyoming LLC (Ciner Wyoming), produces soda ash and serves a global market from its 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.

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