Rainbow Rare Earths (LON:RBW) Rating Reiterated by Canaccord Genuity Group

Rainbow Rare Earths (LON:RBW)‘s stock had its “speculative buy” rating reiterated by research analysts at Canaccord Genuity Group in a note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 21 ($0.26) target price on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 118.20% from the company’s previous close.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 38 ($0.47) target price on shares of Rainbow Rare Earths in a research report on Thursday, March 28th.

Rainbow Rare Earths Stock Up 2.9 %

Shares of RBW opened at GBX 9.62 ($0.12) on Tuesday. The firm’s 50-day simple moving average is GBX 11.02 and its 200 day simple moving average is GBX 13.05. Rainbow Rare Earths has a 52 week low of GBX 7.02 ($0.09) and a 52 week high of GBX 18 ($0.22). The firm has a market cap of £60.66 million, a P/E ratio of -481.20 and a beta of 1.56. The company has a debt-to-equity ratio of 4.33, a quick ratio of 3.79 and a current ratio of 6.24.

Rainbow Rare Earths Company Profile

Rainbow Rare Earths Limited engages in the mining and exploration of rare earth minerals. It explores for neodymium, dysprosium, terbium, and praseodymium deposits. The company holds 90% interest in the Gakara project covering an area of approximately 135 square kilometers located in Western Burundi.