Bear Creek Mining (CVE:BCM) had its price objective boosted by investment analysts at Canaccord Genuity from C$3.00 to C$3.25 in a note issued to investors on Wednesday, BayStreet.CA reports. Canaccord Genuity’s target price would indicate a potential upside of 12.46% from the company’s current price.
Separately, BMO Capital Markets lifted their target price on shares of Bear Creek Mining from C$2.30 to C$2.80 in a research note on Wednesday, September 11th.
Shares of BCM traded up C$0.07 on Wednesday, hitting C$2.89. 142,380 shares of the stock traded hands, compared to its average volume of 55,913. Bear Creek Mining has a 1 year low of C$0.89 and a 1 year high of C$2.95. The stock’s 50 day moving average is C$2.42 and its two-hundred day moving average is C$2.08. The firm has a market capitalization of $290.70 million and a P/E ratio of -19.14. The company has a quick ratio of 8.34, a current ratio of 8.34 and a debt-to-equity ratio of 0.95.
Bear Creek Mining Corporation, an exploration stage company, engages in the acquisition, exploration, and development of precious and base metal properties in Peru. The company explores for silver, lead, zinc, gold, and copper deposits. Its flagship property is the Corani silver-lead-zinc project, which consists of 12 mineral concessions covering an area of approximately 5,700 hectares located to the southeast of Cusco, Peru.
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