BMO Capital Markets Has Lowered Expectations for Rupert Resources (CVE:RUP) Stock Price

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

Rupert Resources Price Performance

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

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.