14:39:30 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Gran Tierra Energy Inc
Symbol GTE
Shares Issued 366,981,556
Close 2020-06-05 C$ 0.61
Market Cap C$ 223,858,749
Recent Sedar Documents

Globe says Round cuts Gran Tierra to "market perform"

2020-06-05 07:42 ET - In the News

The Globe and Mail reports in its Friday, June 5, edition that BMO Nesbitt Burns analyst David Round lowered Gran Tierra Energy (46 cents) to "market perform" from "outperform" with a 50-cent share target. The Globe's David Leeder writes that analysts on average target the shares at $1.65. Mr. Round says in a note: "Gran Tierra has never lacked potential but the last few years have been challenging and, in our view, the current price environment is at the very least extending the time frame over which we would expect Gran Tierra to realise a lot of that potential. Confirmation of liquidity is paramount and [Tuesday]'s update was important in that regard although the reduced headroom doesn't leave much room to manoeuvre and, despite trading at distressed levels, we question whether the stock will outperform until there is greater medium-term funding clarity." The Globe reported on Nov. 7, 2019, that Scotia Capital analyst Gavin Wylie lowered his rating for Gran Tierra to "sector perform" from "sector outperform." The shares could then be had for $1.40. The Globe reported on Nov. 12, 2019, that RBC analyst Al Stanton rated Descartes "outperform" and said it was "turning a corner." The shares were then worth $1.34.

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