Rainbow Rare Earths Limited (LON:RBW – Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as GBX 8.63 ($0.11) and last traded at GBX 8.70 ($0.11), with a volume of 999458 shares changing hands. The stock had previously closed at GBX 9.30 ($0.12).
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on RBW. Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 21 ($0.28) price objective on shares of Rainbow Rare Earths in a report on Wednesday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 38 ($0.50) price objective on shares of Rainbow Rare Earths in a report on Wednesday, September 11th.
Rainbow Rare Earths Stock Down 6.5 %
Rainbow Rare Earths Company Profile
Rainbow Rare Earths Limited engages in the mining and exploration of rare earth minerals. It explores for neodymium, dysprosium, terbium, and praseodymium deposits. The company holds 90% interest in the Gakara project covering an area of approximately 135 square kilometers located in Western Burundi.
Further Reading
- Five stocks we like better than Rainbow Rare Earths
- Health Care Stocks Explained: Why You Might Want to Invest
- Edgewise Therapeutics Soars 50%: Key Reasons Behind the Surge
- There Are Different Types of Stock To Invest In
- How the Fed’s Rate Cut Could Supercharge These 3 ETFs
- Comparing and Trading High PE Ratio Stocks
- Microsoft Stock: 3 Reasons It’s Ready to Crush Q4
Receive News & Ratings for Rainbow Rare Earths Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rainbow Rare Earths and related companies with MarketBeat.com's FREE daily email newsletter.