Ucore Rare Metals (OTCMKTS:UURAF) Announces Quarterly Earnings Results

Ucore Rare Metals (OTCMKTS:UURAF) issued its quarterly earnings results on Wednesday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03), Zacks reports.

Ucore Rare Metals Stock Down 1.2%

Shares of OTCMKTS:UURAF traded down $0.03 during midday trading on Wednesday, reaching $2.12. The company’s stock had a trading volume of 191,081 shares, compared to its average volume of 446,863. Ucore Rare Metals has a fifty-two week low of $1.90 and a fifty-two week high of $10.69. The firm has a 50 day moving average price of $2.79 and a two-hundred day moving average price of $3.79.

Analysts Set New Price Targets

Separately, B. Riley Financial reduced their price target on shares of Ucore Rare Metals from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $8.00.

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.