Rare Earths Americas, Inc. (NYSEAMERICAN:REA) Stock Rated “Moderate Buy” by Sell-Side Brokerages

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

Separately, Jefferies Financial Group began coverage on shares of Rare Earths Americas in a research report on Wednesday, September 2nd. They issued a “hold” rating and a $12.30 price objective for the company.

Rare Earths Americas Stock Performance

Rare Earths Americas stock opened at $7.77 on Thursday. Rare Earths Americas has a 12-month low of $6.20 and a 12-month high of $30.02. The business’s 50-day moving average price is $11.26.

Rare Earths Americas (NYSEAMERICAN:REA) last released its earnings results on Tuesday, August 11th. The company reported ($0.70) earnings per share for the quarter. As a group, equities 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.