Raymond James Financial Forecasts Strong Price Appreciation for Ucore Rare Metals (CVE:UCU) Stock

Ucore Rare Metals (CVE:UCU) had its target price hoisted by research analysts at Raymond James Financial from C$14.50 to C$15.50 in a research report issued on Tuesday,BayStreet.CA reports. Raymond James Financial’s price objective indicates a potential upside of 123.67% from the stock’s previous close.

Ucore Rare Metals Stock Performance

Shares of UCU traded down C$0.46 during trading hours on Tuesday, reaching C$6.93. The stock had a trading volume of 667,037 shares, compared to its average volume of 482,720. Ucore Rare Metals has a 12 month low of C$0.55 and a 12 month high of C$13.07. The stock has a market capitalization of C$632.45 million, a price-to-earnings ratio of -33.00 and a beta of 0.88.

Insider Buying and Selling at Ucore Rare Metals

In other news, insider Randy T. Johnson sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of C$7.00, for a total transaction of C$70,000.00. Following the completion of the transaction, the insider owned 8,931,736 shares of the company’s stock, valued at approximately C$62,522,152. This trade represents a 0.11% decrease in their ownership of the stock. Also, Director Amira Vanessa Abouali sold 34,500 shares of Ucore Rare Metals stock in a transaction on Friday, October 3rd. The stock was sold at an average price of C$7.54, for a total transaction of C$260,130.00. In the last ninety days, insiders sold 54,500 shares of company stock worth $400,130.