Ucore Rare Metals (CVE:UCU) Upgraded by B. Riley to “Strong-Buy” Rating

Ucore Rare Metals (CVE:UCU) was upgraded by stock analysts at B. Riley to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Separately, Raymond James Financial lifted their price objective on Ucore Rare Metals from C$14.50 to C$15.50 in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of C$15.50.

Ucore Rare Metals Trading Up 1.9%

CVE UCU opened at C$5.50 on Thursday. Ucore Rare Metals has a 1 year low of C$0.57 and a 1 year high of C$13.07. The stock has a market capitalization of C$501.94 million, a P/E ratio of -26.19 and a beta of 0.90.

Insider Activity at Ucore Rare Metals

In other Ucore Rare Metals news, Director Amira Vanessa Abouali sold 34,500 shares of Ucore Rare Metals stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of C$7.54, for a total transaction of C$260,130.00. Also, Director Jaroslav Dostal sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of C$6.48, for a total value of C$259,200.00. Following the transaction, the director owned 3,600 shares in the company, valued at C$23,328. This trade represents a 91.74% decrease in their position. Insiders have sold 104,500 shares of company stock worth $737,330 over the last ninety days.