Rainbow Rare Earths (LON:RBW) Given “Buy” Rating at Berenberg Bank

Rainbow Rare Earths (LON:RBW)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a report released on Monday, Digital Look reports. They currently have a GBX 38 ($0.48) price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 258.49% from the company’s current price.

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 21 ($0.27) price target on shares of Rainbow Rare Earths in a research report on Wednesday, June 19th.

Rainbow Rare Earths Stock Performance

Shares of RBW stock opened at GBX 10.60 ($0.13) on Monday. Rainbow Rare Earths has a one year low of GBX 9 ($0.11) and a one year high of GBX 18 ($0.23). The stock has a market cap of £66.81 million, a P/E ratio of -530.00 and a beta of 1.43. The company has a fifty day moving average price of GBX 11.29 and a two-hundred day moving average price of GBX 11.58. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.66 and a quick ratio of 3.79.

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.