Rare Earths Americas, Inc. (NYSEAMERICAN:REA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Rare Earths Americas, Inc. (NYSEAMERICAN:REA) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $25.86.

Several research analysts recently weighed in on the stock. Zacks Research upgraded shares of Rare Earths Americas to a “hold” rating in a research report on Tuesday, June 9th. Jefferies Financial Group assumed coverage on Rare Earths Americas in a research note on Wednesday, September 2nd. They set a “hold” rating and a $12.30 price objective for the company.

Rare Earths Americas Trading Up 4.2%

REA stock opened at $10.03 on Friday. Rare Earths Americas has a 12 month low of $8.95 and a 12 month high of $30.02. The company has a fifty day simple moving average of $11.99.

Rare Earths Americas (NYSEAMERICAN:REA) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($0.70) earnings per share for the quarter. On average, research analysts expect that Rare Earths Americas will post -1.38 EPS for the current fiscal year.

Rare Earths Americas Company Profile

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.