Rare Earths Americas (NYSEAMERICAN:REA – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.52) earnings per share for the quarter, FiscalAI reports.
Rare Earths Americas Price Performance
Shares of Rare Earths Americas stock traded down $0.49 during midday trading on Tuesday, reaching $7.50. The company had a trading volume of 179,128 shares, compared to its average volume of 184,614. The company’s fifty day moving average is $9.63. Rare Earths Americas has a 1-year low of $6.20 and a 1-year high of $30.02.
Analyst Ratings Changes
Separately, Jefferies Financial Group started coverage on Rare Earths Americas in a report on Wednesday, September 2nd. They issued a “hold” rating and a $12.30 target price on the stock. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Rare Earths Americas currently has an average rating of “Moderate Buy” and an average price target of $25.86.
Read Our Latest Stock Analysis on REA
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.
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