Rare Earths Americas (NYSEAMERICAN:REA) Posts Earnings Results

Rare Earths Americas (NYSEAMERICAN:REA) announced its quarterly earnings results on Tuesday. The company reported ($0.52) EPS for the quarter, FiscalAI reports.

Rare Earths Americas Stock Down 3.5%

Shares of NYSEAMERICAN:REA opened at $6.27 on Thursday. Rare Earths Americas has a 1 year low of $6.20 and a 1 year high of $30.02. The company’s 50 day simple moving average is $9.36.

Analysts Set New Price Targets

Separately, Jefferies Financial Group started coverage on Rare Earths Americas in a research report on Wednesday, September 2nd. They set a “hold” rating and a $12.30 price objective on the stock. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Rare Earths Americas has an average rating of “Moderate Buy” and a consensus target price of $25.86.

About Rare Earths Americas

Rare Earths Americas Corporation is a mineral exploration and development company focused on advancing rare earth element resources in the United States. Its activities center on the exploration, evaluation and potential development of deposits containing rare earth elements used in applications such as permanent magnets, electronics, defense systems and renewable-energy technologies. The company’s principal asset is the Bear Lodge Rare Earth Project in Wyoming. The project contains rare earth elements, including neodymium, praseodymium, dysprosium and terbium, and has been the focus of efforts to develop domestic extraction and processing capabilities.