Rare Earths Americas, Inc. (NYSEAMERICAN:REA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Rare Earths Americas, Inc. (NYSEAMERICAN:REA) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $29.25.

A number of analysts have recently commented on the stock. B. Riley Financial began coverage on shares of Rare Earths Americas in a report on Monday, June 1st. They set a “buy” rating and a $28.00 target price on the stock. Cantor Fitzgerald assumed coverage on shares of Rare Earths Americas in a research note on Monday, June 1st. They issued a “speculative buy” rating and a $34.00 price target for the company. Canaccord Genuity Group initiated coverage on shares of Rare Earths Americas in a research report on Monday, June 1st. They set a “buy” rating and a $25.00 price target for the company. Stifel Nicolaus started coverage on shares of Rare Earths Americas in a research note on Monday, June 1st. They set a “buy” rating and a $30.00 price objective on the stock. Finally, Zacks Research upgraded shares of Rare Earths Americas to a “hold” rating in a report on Tuesday, June 9th.

Rare Earths Americas Price Performance

REA opened at $13.74 on Wednesday. Rare Earths Americas has a 52 week low of $8.95 and a 52 week high of $30.02. The company has a 50 day moving average price of $12.86.

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

About Rare Earths Americas

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.