Short Interest in Bear Creek Mining Co. (OTCMKTS:BCEKF) Increases By 10.8%

Bear Creek Mining Co. (OTCMKTS:BCEKFGet Rating) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 17,500 shares, an increase of 10.8% from the August 15th total of 15,800 shares. Based on an average daily volume of 52,200 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets decreased their price target on shares of Bear Creek Mining from C$2.70 to C$1.60 in a research note on Monday, August 29th. Stifel Nicolaus reduced their target price on shares of Bear Creek Mining from C$5.10 to C$4.50 in a research note on Wednesday, July 20th.

Bear Creek Mining Price Performance

Shares of BCEKF opened at $0.38 on Monday. Bear Creek Mining has a twelve month low of $0.37 and a twelve month high of $1.60. The company’s fifty day simple moving average is $0.57 and its 200-day simple moving average is $0.73.

About Bear Creek Mining

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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. Its flagship property is the Corani property that consists of 13 mineral concessions covering an area of approximately 6,500 hectares located to the southeast of Cusco, Peru.

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