Rare Earths Americas (NYSEAMERICAN:REA) Coverage Initiated at B. Riley Financial

B. Riley Financial began coverage on shares of Rare Earths Americas (NYSEAMERICAN:REA) in a research note issued to investors on Monday. The brokerage set a “buy” rating and a $28.00 price target on the stock. B. Riley Financial’s target price points to a potential upside of 28.15% from the stock’s current price.

A number of other analysts have also commented on REA. Stifel Nicolaus set a $30.00 price target on Rare Earths Americas in a research note on Monday. Canaccord Genuity Group began coverage on Rare Earths Americas in a research note on Monday. They set a “buy” rating and a $25.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $27.67.

Rare Earths Americas Price Performance

Shares of REA stock opened at $21.85 on Monday. Rare Earths Americas has a 12 month low of $18.95 and a 12 month high of $30.02.