Navigation and exploration within unknown environments are typical examples in which simultaneous localization and mapping (SLAM) algorithms are applied. When mobile agents deploy only range sensors without bearing information, the agents must estimate the bearing using the online distance measurement for the localization and mapping purposes. In this paper, we propose a scalable dynamic bearing estimator to obtain the relative bearing of the static landmarks in the local coordinate frame of a moving agent in real-time. Using contraction theory, we provide convergence analysis of the proposed range-only bearing estimator and present upper and lower-bound for the estimator gain. Numerical simulations demonstrate the effectiveness of the proposed method.