BMO Capital Markets Lowers Rupert Resources (CVE:RUP) Price Target to C$8.00

Rupert Resources (CVE:RUP) had its price target reduced by research analysts at BMO Capital Markets from C$12.00 to C$8.00 in a research report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential upside of 76.99% from the stock’s current price.

Rupert Resources Stock Performance

Shares of RUP stock opened at C$4.52 on Thursday. The firm has a fifty day moving average of C$4.52 and a 200-day moving average of C$4.52. The stock has a market cap of C$1.09 billion and a price-to-earnings ratio of -151.74. Rupert Resources has a 52-week low of C$3.53 and a 52-week high of C$6.77.

Rupert Resources Company Profile

Rupert Resources Ltd. engages in the acquisition and exploration of mineral properties in Finland. It primarily focuses on 100% owned Rupert Lapland Project Area including Ikkari discovery and Pahtavaara mine and mill covering an area of 595km2 located in Northern Finland. Rupert Resources Ltd. is headquartered in Toronto, Canada.