Ucore Rare Metals (CVE:UCU – Get Free Report) was upgraded by Jefferies Financial Group to a “hold” rating in a research note issued on Tuesday, Zacks reports.
Separately, Raymond James Financial cut their target price on Ucore Rare Metals from C$15.00 to C$14.75 and set an “outperform” rating for the company in a research report on Tuesday, June 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$14.75.
Read Our Latest Stock Report on Ucore Rare Metals
Ucore Rare Metals Stock Up 7.8%
Insider Activity at Ucore Rare Metals
In other news, insider Michael Schrider sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of C$2.90, for a total transaction of C$87,000.00. Following the transaction, the insider owned 70,000 shares of the company’s stock, valued at approximately C$203,000. This represents a 30.00% decrease in their ownership of the stock. Insiders sold a total of 60,000 shares of company stock worth $166,800 over the last quarter.
Ucore Rare Metals Inc (CVE: UCU) is a Canadian company focused on the development and commercialization of rare earth element (REE) resources and related processing technologies. The company concentrates on advancing projects and metallurgical processes intended to produce both light and heavy rare earth oxides, which are critical inputs for high‑technology, defense, and clean‑energy applications. Ucore’s activities span exploration-stage project development as well as downstream processing and separation work aimed at creating a more secure North American supply chain for critical minerals.
A central element of Ucore’s offering is proprietary separation and processing technology designed to improve the efficiency and economics of REE extraction and purification.
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