Great Bear Resources (CVE:GBR) received a C$23.00 price target from stock analysts at BMO Capital Markets in a report released on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 46.31% from the stock’s previous close.
Other research analysts also recently issued reports about the stock. CIBC lifted their target price on shares of Great Bear Resources from C$22.75 to C$27.00 in a research report on Wednesday, March 3rd. Canaccord Genuity lifted their target price on shares of Great Bear Resources from C$23.00 to C$23.50 in a research report on Tuesday, December 8th.
Shares of GBR opened at C$15.72 on Tuesday. The firm’s 50 day moving average is C$15.30 and its 200-day moving average is C$15.67. The stock has a market capitalization of C$894.39 million and a P/E ratio of -302.31. Great Bear Resources has a 12-month low of C$6.32 and a 12-month high of C$19.83.
Great Bear Resources Ltd. operates as a mineral exploration company in Canada. The company primarily explores for gold. Its flagship property is the Dixie Lake gold project covering an area of 9,140 hectares located in the Red Lake district of Ontario. The company was formerly known as Great Bear Uranium Corp.
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