Rainbow Rare Earths’ (RBW) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Rainbow Rare Earths (LON:RBW) in a research report report published on Friday morning,Digital Look reports. The brokerage currently has a GBX 38 ($0.48) price objective on the stock.

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 21 ($0.27) price objective on shares of Rainbow Rare Earths in a research report on Wednesday, September 18th.

Rainbow Rare Earths Price Performance

RBW traded down GBX 0.38 ($0.00) on Friday, hitting GBX 11.62 ($0.15). 1,092,450 shares of the company’s stock were exchanged, compared to its average volume of 556,050. Rainbow Rare Earths has a fifty-two week low of GBX 8.50 ($0.11) and a fifty-two week high of GBX 14.50 ($0.18). The stock has a market cap of £74.80 million, a price-to-earnings ratio of -590.00 and a beta of 2.25. The firm has a 50-day moving average price of GBX 11.87 and a 200-day moving average price of GBX 11.10. The company has a current ratio of 2.66, a quick ratio of 3.79 and a debt-to-equity ratio of 3.90.

Rainbow Rare Earths Company Profile

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.