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Gear Energy (TSE:GXE) was upgraded by equities researchers at Paradigm Capital from a “hold” rating to a “buy” rating in a research report issued on Monday, Stock Ratings News reports.

Other equities research analysts have also recently issued reports about the stock. Analysts at FirstEnergy Capital upgraded shares of Gear Energy from a “hold” rating to a “buy” rating in a research note on Monday. They now have a C$6.50 price target on the stock, up previously from C$6.00. Separately, analysts at Haywood Securities raised their price target on shares of Gear Energy from C$6.00 to C$8.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Haywood Securities initiated coverage on shares of Gear Energy in a research note on Wednesday, April 2nd. They set a “buy” rating and a C$6.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of C$7.00.

Gear Energy (TSE:GXE) traded up 2.06% on Monday, hitting $5.46. The stock had a trading volume of 921,240 shares. Gear Energy has a 1-year low of $2.55 and a 1-year high of $5.35. The stock has a 50-day moving average of $4.31 and a 200-day moving average of $3.65.

Gear Energy Ltd. is a junior Canadian crude oil and natural gas exploration and production company with a focus on heavy oil.

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