Rupert Resources (CVE:RUP) Cut to Tender at ATB Cormark Capital Markets

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

Rupert Resources Stock Performance

CVE:RUP opened at C$4.52 on Tuesday. The firm has a 50-day moving average price of C$4.52 and a two-hundred day moving average price of C$4.52. The firm has a market cap of C$1.09 billion and a price-to-earnings ratio of -151.74. Rupert Resources has a 52 week low of C$3.53 and a 52 week high of C$6.77.

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.