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

Rupert Resources (CVE:RUP) had its target price lowered by BMO Capital Markets from C$12.00 to C$8.00 in a report issued on Thursday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 76.99% from the company’s current price.

Rupert Resources Price Performance

Shares of Rupert Resources stock traded down C$0.09 during trading hours on Thursday, hitting C$4.52. The company’s stock had a trading volume of 30,205 shares, compared to its average volume of 63,094. Rupert Resources has a 12 month low of C$3.53 and a 12 month high of C$6.77. The company has a market capitalization of C$1.09 billion and a PE ratio of -151.74. The stock has a 50 day moving average of C$4.52 and a 200 day moving average of C$4.52.

About Rupert Resources

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.