Ciner Resources LP (NASDAQ:CINR)‘s stock had its “neutral” rating reiterated by equities researchers at Citigroup Inc. in a research note issued on Monday, MarketBeat.Com reports. They presently have a $27.00 target price on the stock, up from their prior target price of $21.50. Citigroup Inc.’s target price points to a potential downside of 4.59% from the company’s previous close.
Ciner Resources (NASDAQ:CINR) traded up 2.0435% on Monday, reaching $28.8783. 38,824 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $25.56 and its 200 day moving average is $23.23. Ciner Resources has a 52 week low of $18.81 and a 52 week high of $28.97. The company has a market cap of $577.57 million and a price-to-earnings ratio of 11.1931.
Ciner Resources (NASDAQ:CINR) last issued its quarterly earnings data on Wednesday, February 10th. The company reported $0.69 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.01. The company earned $126.40 million during the quarter, compared to the consensus estimate of $128.98 million. On average, equities analysts anticipate that Ciner Resources will post $2.42 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 13th. Investors of record on Friday, April 29th will be given a dividend of $0.564 per share. The ex-dividend date of this dividend is Wednesday, April 27th. This represents a $2.26 annualized dividend and a yield of 7.97%. This is a boost from Ciner Resources’s previous quarterly dividend of $0.56.
An institutional investor recently raised its position in Ciner Resources stock. Sigma Planning Corp increased its stake in shares of Ciner Resources LP (NASDAQ:CINR) by 2.5% during the first quarter, Holdings Channel reports. The firm owned 11,251 shares of the company’s stock after buying an additional 276 shares during the period. Sigma Planning Corp owned 0.06% of Ciner Resources worth $291,000 as of its most recent SEC filing.
Several other analysts have also commented on the company. Zacks Investment Research lowered Ciner Resources from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 24th. TheStreet raised Ciner Resources from a “hold” rating to a “buy” rating in a report on Thursday, March 10th. Finally, FBR & Co. assumed coverage on Ciner Resources in a report on Tuesday, April 12th. They issued an “outperform” rating and a $35.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $31.33.
Ciner Resources LP, formerly OCI Resources LP (NASDAQ:CINR), 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.
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