B. Riley Financial Lowers Ucore Rare Metals (OTCMKTS:UURAF) Price Target to $8.00

Ucore Rare Metals (OTCMKTS:UURAF) had its price target lowered by research analysts at B. Riley Financial from $9.00 to $8.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial’s price target would suggest a potential upside of 286.47% from the stock’s current price.

Separately, Zacks Research upgraded shares of Ucore Rare Metals to a “hold” rating in a research note on Friday, April 24th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $8.00.

Ucore Rare Metals Price Performance

Shares of OTCMKTS:UURAF opened at $2.07 on Wednesday. Ucore Rare Metals has a 52 week low of $1.62 and a 52 week high of $10.69. The company’s 50 day moving average is $2.98 and its two-hundred day moving average is $3.93.

Ucore Rare Metals Company Profile

Ucore Rare Metals Inc is a Canadian mineral exploration and technology development company specializing in rare earth elements (REE) and other critical metals. The company’s flagship asset is the Separation Rapids Rare Earth Project in Ontario, where it is advancing resource definition, metallurgical testing and environmental studies. Ucore’s exploration portfolio also includes satellite targets for nickel, copper and uranium, reflecting a strategic focus on metals that underpin high-technology, clean-energy and defense applications.

Beyond exploration, Ucore is developing proprietary separation and processing technologies to establish a domestic supply chain for rare earth oxides.