Bear Creek Mining Corporation (BCEKF) Receives a Buy from BMO Capital

By Ryan Adsit

In a report released today, David Gagliano from BMO Capital maintained a Buy rating on Bear Creek Mining Corporation (BCEKFResearch Report), with a price target of $2.80. The company’s shares closed last Monday at $1.88, close to its 52-week high of $2.05.

According to, Gagliano is a 3-star analyst with an average return of 2.0% and a 47.1% success rate. Gagliano covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, First Majestic Silver, and Eldorado Gold Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bear Creek Mining Corporation with a $2.13 average price target.

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Based on Bear Creek Mining Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $5.45 million. In comparison, last year the company had a GAAP net loss of $3.02 million.

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Bear Creek Mining Corp. engages in the acquisition, exploration, and development of precious and base metal properties. Its portfolio include Corani and Santa Ana. The company was founded by Andrew T. Swarthout and Catherine McLeod-Seltzer on August 31, 1999 and is headquartered in Vancouver, Canada.