Rare Earths Americas, Inc. (NYSEAMERICAN:REA) Receives Average Rating of “Moderate Buy” from Brokerages

Rare Earths Americas, Inc. (NYSEAMERICAN:REA) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $29.25.

Several equities research analysts have weighed in on the stock. Zacks Research raised shares of Rare Earths Americas to a “hold” rating in a research report on Tuesday, June 9th. B. Riley Financial assumed coverage on Rare Earths Americas in a research note on Monday, June 1st. They issued a “buy” rating and a $28.00 target price on the stock. Cantor Fitzgerald began coverage on Rare Earths Americas in a research report on Monday, June 1st. They set a “speculative buy” rating and a $34.00 price target for the company. Jefferies Financial Group began coverage on Rare Earths Americas in a report on Wednesday. They issued a “hold” rating for the company. Finally, Canaccord Genuity Group began coverage on Rare Earths Americas in a research note on Monday, June 1st. They set a “buy” rating and a $25.00 target price on the stock.

Rare Earths Americas Trading Down 2.3%

Shares of NYSEAMERICAN:REA opened at $13.74 on Wednesday. The company’s 50-day moving average is $12.86. Rare Earths Americas has a 12-month low of $8.95 and a 12-month high of $30.02.

Rare Earths Americas (NYSEAMERICAN:REA) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($0.70) earnings per share (EPS) for the quarter. As a group, analysts anticipate that Rare Earths Americas will post -0.79 EPS for the current year.

Rare Earths Americas Company Profile

Rare Earths Americas Inc is an exploration stage company advancing a portfolio of critical minerals projects focused on high-grade heavy rare earth mineral assets principally in the United States and Brazil. Rare Earths Americas Inc is based in MANCHESTER, Ga.