Rare Earths Americas (NYSEAMERICAN:REA) Releases Earnings Results

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

Rare Earths Americas Stock Down 6.1%

NYSEAMERICAN:REA opened at $7.50 on Wednesday. Rare Earths Americas has a one year low of $6.20 and a one year high of $30.02. The firm has a 50 day moving average of $9.50.

Analyst Upgrades and Downgrades

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

Rare Earths Americas Company Profile

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.