Rainbow Rare Earths (LON:RBW) Receives “Speculative Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of Rainbow Rare Earths (LON:RBW) in a report published on Wednesday morning, MarketBeat reports. Canaccord Genuity Group currently has a GBX 21 ($0.28) target price on the stock.

Separately, Berenberg Bank reissued a buy rating and issued a GBX 38 ($0.50) price target on shares of Rainbow Rare Earths in a report on Wednesday, September 11th.

Rainbow Rare Earths Stock Down 7.0 %

Shares of LON:RBW opened at GBX 9.30 ($0.12) on Wednesday. The firm has a fifty day moving average price of GBX 10.61 and a two-hundred day moving average price of GBX 10.73. The company has a debt-to-equity ratio of 3.90, a current ratio of 2.66 and a quick ratio of 3.79. Rainbow Rare Earths has a one year low of GBX 8.63 ($0.11) and a one year high of GBX 17 ($0.22). The company has a market cap of £59.86 million, a price-to-earnings ratio of -465.00 and a beta of 2.25.

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.