Rainbow Rare Earths’ (RBW) “Buy” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Rainbow Rare Earths (LON:RBW) in a research report report published on Wednesday, Marketbeat reports. The firm currently has a GBX 30 target price on the stock.

Separately, Berenberg Bank reaffirmed a “buy” rating on shares of Rainbow Rare Earths in a research note on Monday, February 9th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 32.

Rainbow Rare Earths Stock Performance

Rainbow Rare Earths stock opened at GBX 27.70 on Wednesday. Rainbow Rare Earths has a fifty-two week low of GBX 9 and a fifty-two week high of GBX 29.50. The company has a market capitalization of £178.46 million, a price-to-earnings ratio of -56.53 and a beta of 0.53. The stock has a fifty day moving average of GBX 19.42 and a two-hundred day moving average of GBX 18.71. The company has a debt-to-equity ratio of 5.16, a quick ratio of 3.79 and a current ratio of 2.66.

About Rainbow Rare Earths

Rainbow Rare Earths aims to be a forerunner in the establishment of an independent and ethical supply chain of the rare earth elements that are driving the green energy transition. It is doing this successfully via the identification and development of secondary rare earth deposits that can be brought into production quicker and at a lower cost than traditional hard rock mining projects, with a focus on the permanent magnet rare earth elements neodymium and praseodymium, dysprosium and terbium.

The Company is focused on the development of the Phalaborwa Rare Earths Project in South Africa and the earlier stage Uberaba Project in Brazil.