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

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

Rare Earths Americas Price Performance

Shares of Rare Earths Americas stock opened at $13.96 on Wednesday. Rare Earths Americas has a 1 year low of $8.95 and a 1 year high of $30.02. The business’s fifty day simple moving average is $14.07. The company has a debt-to-equity ratio of 1.57, a current ratio of 6.70 and a quick ratio of 6.70.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Stifel Nicolaus started coverage on shares of Rare Earths Americas in a research report on Monday, June 1st. They issued a “buy” rating and a $30.00 target price for the company. Canaccord Genuity Group started coverage on Rare Earths Americas in a research report on Monday, June 1st. They set a “buy” rating and a $25.00 price objective on the stock. Zacks Research raised Rare Earths Americas to a “hold” rating in a report on Tuesday, June 9th. Cantor Fitzgerald began coverage on shares of Rare Earths Americas in a research report on Monday, June 1st. They issued a “speculative buy” rating and a $34.00 price target on the stock. Finally, B. Riley Financial began coverage on shares of Rare Earths Americas in a report on Monday, June 1st. They issued a “buy” rating and a $28.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and one has 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 $29.25.

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.