Rainbow Rare Earths’ (RBW) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their speculative buy rating on shares of Rainbow Rare Earths (LON:RBW) in a report published on Wednesday morning, Marketbeat reports. Canaccord Genuity Group currently has a GBX 21 ($0.28) target price on the stock.

Separately, Berenberg Bank reissued a buy rating and issued a GBX 38 ($0.50) price target on shares of Rainbow Rare Earths in a research note on Wednesday, September 11th.

Rainbow Rare Earths Stock Up 1.1 %

Shares of LON:RBW opened at GBX 8.80 ($0.12) on Wednesday. Rainbow Rare Earths has a 1 year low of GBX 8.50 ($0.11) and a 1 year high of GBX 17 ($0.22). The company has a debt-to-equity ratio of 3.90, a current ratio of 2.66 and a quick ratio of 3.79. The business’s 50-day moving average is GBX 10.51 and its 200-day moving average is GBX 10.70. The company has a market capitalization of £56.64 million, a price-to-earnings ratio of -440.00 and a beta of 2.25.

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.