Rainbow Rare Earths (LON:RBW) Given “Speculative Buy” Rating at Canaccord Genuity Group

Rainbow Rare Earths (LON:RBW)‘s stock had its “speculative buy” rating reiterated by research analysts at Canaccord Genuity Group in a research note issued to investors on Tuesday, MarketBeat.com reports. They currently have a GBX 21 ($0.26) target price on the stock. Canaccord Genuity Group’s price target points to a potential upside of 122.22% from the company’s previous close.

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 38 ($0.47) price target on shares of Rainbow Rare Earths in a report on Thursday, March 28th.

Rainbow Rare Earths Price Performance

Shares of LON RBW opened at GBX 9.45 ($0.12) on Tuesday. The firm has a market cap of £59.57 million, a PE ratio of -472.50 and a beta of 1.56. The firm has a fifty day moving average of GBX 10.88 and a 200 day moving average of GBX 12.97. The company has a debt-to-equity ratio of 4.33, a quick ratio of 3.79 and a current ratio of 6.24. Rainbow Rare Earths has a one year low of GBX 7.02 ($0.09) and a one year high of GBX 18 ($0.22).

About Rainbow Rare Earths

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.