B.Riley FBR analyst Lucas Pipes maintained a Buy rating on Ciner Resources LP (NYSE: CINR) today and set a price target of $31. The company’s shares closed yesterday at $26.87.
According to TipRanks.com, Pipes is a 4-star analyst with an average return of 5.9% and a 61.2% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Novagold Resources Inc New, and Newmont Mining Corporation.
Currently, the analyst consensus on Ciner Resources LP is a Moderate Buy with an average price target of $31.
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Ciner Resources LP’s market cap is currently $532M and has a P/E ratio of 10.89. The company has a Price to Book ratio of 3.60.
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Ciner Resources LP operates as a master limited partnership company, which engages in the operations of the trona ore mining and soda ash production business of Ciner Wyoming LLC. The company was founded on April 22, 2013 and is headquartered in Atlanta, GA.
