Bear Creek Mining Co. (CVE:BCM – Get Free Report) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$0.34 and traded as low as C$0.31. Bear Creek Mining shares last traded at C$0.32, with a volume of 50,824 shares traded.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus lowered their price objective on Bear Creek Mining from C$1.00 to C$0.95 in a research note on Friday, May 31st.
Read Our Latest Stock Report on BCM
Bear Creek Mining Stock Performance
Bear Creek Mining (CVE:BCM – Get Free Report) last announced its earnings results on Wednesday, May 29th. The company reported C($0.11) EPS for the quarter, missing the consensus estimate of C($0.03) by C($0.08). Bear Creek Mining had a negative net margin of 48.30% and a negative return on equity of 50.71%. The company had revenue of C$37.12 million for the quarter. As a group, equities research analysts expect that Bear Creek Mining Co. will post 0.0381862 EPS for the current year.
About Bear Creek Mining
Bear Creek Mining Corporation engages in the acquisition, exploration, and development of precious and base metal properties in Peru. The company explores for silver, lead, zinc, and gold deposits. The company holds 100% interest in Corani property that consists of various mineral concessions covering an area of approximately 6,500 hectares located to the southeast of Cusco, Peru; and holds 100% interest in Mercedes Gold Mine project consists of various mineral concessions covering an area of approximately 69,284 hectares located in Sonora, Mexico.
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