Rare Earths Americas (NYSEAMERICAN:REA) Posts Quarterly Earnings Results

Rare Earths Americas (NYSEAMERICAN:REA) posted its earnings results on Tuesday. The company reported ($0.70) earnings per share for the quarter, FiscalAI reports.

Rare Earths Americas Stock Performance

REA stock traded up $0.14 during trading on Tuesday, hitting $13.57. The company had a trading volume of 69,336 shares, compared to its average volume of 237,084. The company has a 50-day simple moving average of $14.25. The company has a quick ratio of 6.70, a current ratio of 6.70 and a debt-to-equity ratio of 1.57. Rare Earths Americas has a 1-year low of $8.95 and a 1-year high of $30.02.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Zacks Research upgraded shares of Rare Earths Americas to a “hold” rating in a research report on Tuesday, June 9th. Stifel Nicolaus began 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 target on the stock. B. Riley Financial initiated coverage on shares of Rare Earths Americas in a research note on Monday, June 1st. They issued a “buy” rating and a $28.00 price objective for the company. Canaccord Genuity Group assumed coverage on Rare Earths Americas in a research report on Monday, June 1st. They set a “buy” rating and a $25.00 price target on the stock. Finally, Cantor Fitzgerald started coverage on Rare Earths Americas in a research note on Monday, June 1st. They issued a “speculative buy” rating and a $34.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.25.

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.