Canaccord Genuity Raises Bear Creek Mining (CVE:BCM) Price Target to C$3.25

Bear Creek Mining (CVE:BCM) had its target price boosted by research analysts at Canaccord Genuity from C$3.00 to C$3.25 in a report released on Wednesday, BayStreet.CA reports. Canaccord Genuity’s price target suggests a potential upside of 12.46% from the stock’s previous close.

Separately, BMO Capital Markets lifted their price objective on shares of Bear Creek Mining from C$2.30 to C$2.80 in a research report on Wednesday, September 11th.

Shares of CVE:BCM traded up C$0.07 during trading on Wednesday, reaching C$2.89. The company had a trading volume of 142,380 shares, compared to its average volume of 55,913. The firm has a market capitalization of $290.70 million and a price-to-earnings ratio of -19.14. The company has a debt-to-equity ratio of 0.95, a current ratio of 8.34 and a quick ratio of 8.34. The stock’s fifty day moving average price is C$2.42 and its 200 day moving average price is C$2.08. Bear Creek Mining has a fifty-two week low of C$0.89 and a fifty-two week high of C$2.95.

About Bear Creek Mining

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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