Rainbow Rare Earths (LON:RBW) Rating Reiterated by Berenberg Bank

Berenberg Bank restated their buy rating on shares of Rainbow Rare Earths (LON:RBW) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. They currently have a GBX 38 ($0.48) price objective on the stock.

Separately, Canaccord Genuity Group reiterated a speculative buy rating and issued a GBX 25 ($0.32) price target on shares of Rainbow Rare Earths in a research report on Monday, February 26th.

Rainbow Rare Earths Stock Down 4.4 %

RBW opened at GBX 9.80 ($0.12) on Thursday. The company has a quick ratio of 3.79, a current ratio of 6.24 and a debt-to-equity ratio of 4.33. The firm has a 50 day moving average price of GBX 11.83 and a 200-day moving average price of GBX 13.55. Rainbow Rare Earths has a twelve month low of GBX 7.02 ($0.09) and a twelve month high of GBX 18 ($0.23). The stock has a market capitalization of £61.77 million, a price-to-earnings ratio of -490.00 and a beta of 1.56.

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.