Research analysts at BMO Capital Markets assumed coverage on shares of Great Bear Resources (OTCMKTS:GTBAF) in a research note issued to investors on Tuesday, The Fly reports. The brokerage set an “outperform” rating and a $23.00 price target on the stock. BMO Capital Markets’ target price points to a potential upside of 86.39% from the stock’s previous close.
A number of other research firms have also commented on GTBAF. CIBC lifted their price objective on shares of Great Bear Resources from $22.75 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, March 3rd. Stifel Nicolaus initiated coverage on Great Bear Resources in a research report on Thursday, February 4th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $20.35.
Shares of GTBAF opened at $12.34 on Tuesday. The company’s 50 day simple moving average is $12.15 and its 200-day simple moving average is $12.27. Great Bear Resources has a 12-month low of $7.46 and a 12-month high of $14.62.
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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