Rupert Resources (CVE:RUP) Downgraded by ATB Cormark Capital Markets to “Tender”

ATB Cormark Capital Markets lowered shares of Rupert Resources (CVE:RUP) from an outperform rating to a tender rating in a research report sent to investors on Tuesday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has C$15.00 price target on the stock, down from their prior price target of C$22.00.

Rupert Resources Price Performance

Shares of CVE:RUP opened at C$4.52 on Tuesday. The business’s 50 day simple moving average is C$4.52 and its 200 day simple moving average is C$4.52. Rupert Resources has a 1 year low of C$3.53 and a 1 year high of C$6.77. The company has a market capitalization of C$1.09 billion and a P/E ratio of -151.74.

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.