Is Selling Bear Creek Mining Corp. Here a Winning Strategy?

 Is Selling Bear Creek Mining Corp. Here a Winning Strategy?

The stock of Bear Creek Mining Corp. (CVE:BCM) is a huge mover today! About 158,723 shares traded hands or 38.72% up from the average. Bear Creek Mining Corp. (CVE:BCM) has risen 6.00% since October 19, 2016 and is uptrending. It has outperformed by 1.57% the S&P500.
The move comes after 5 months negative chart setup for the $213.59M company. It was reported on Nov, 18 by Barchart.com. We have $1.81 PT which if reached, will make CVE:BCM worth $25.63M less.

Bear Creek Mining Corp. (CVE:BCM) Ratings Coverage

Out of 2 analysts covering Bear Creek Mining (CVE:BCM), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $4.30 is the highest target while $0.60 is the lowest. The $2.17 average target is 5.34% above today’s ($2.06) stock price. Bear Creek Mining has been the topic of 4 analyst reports since September 1, 2015 according to StockzIntelligence Inc.

More notable recent Bear Creek Mining Corp. (CVE:BCM) news were published by: Marketwatch.com which released: “Bear Creek Mining Corp.” on April 15, 2011, also Marketwatch.com with their article: “Bear Creek Mining selects Peruvian engineering firm to undertake Corani …” published on November 14, 2016, Seekingalpha.com published: “Bear Creek Mining – This Silver Bear Is Starting To Wake Up” on March 22, 2016. More interesting news about Bear Creek Mining Corp. (CVE:BCM) were released by: Seekingalpha.com and their article: “Insiders Are Buying Bear Creek Mining: Should You?” published on September 30, 2015 as well as Finance.Yahoo.com‘s news article titled: “Bear Creek Mining Corporation announces bought deal financing” with publication date: July 06, 2016.

Bear Creek Mining Corporation is an exploration-stage company. The company has a market cap of $213.59 million. The Firm is engaged in the acquisition, exploration and development of precious and base metal properties in Peru. It currently has negative earnings. The Firm operates through mineral exploration and development segment.

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