Ciner Resources LP (CINR) was Initiated by FBR Capital to “Outperform” and the brokerage firm has set the Price Target at $35. FBR Capital advised their investors in a research report released on Apr 12, 2016.
Many Wall Street Analysts have commented on Ciner Resources LP. FBR Capital Initiated Ciner Resources LP on Apr 12, 2016 to “Outperform”, Price Target of the shares are set at $35.
Ciner Resources LP formerly OCI Resources LP (OCIR) 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. 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. As at December 31 2014 the Company’s Green River Basin surface operations were situated on approximately 880 acres in Wyoming and its mining operations consisted of approximately 23500 acres of leased and licensed subsurface mining area. The Company primarily sells soda ash to American Natural Soda Ash Corporation (ANSAC).