Berenberg Bank Reaffirms “Buy” Rating for Rainbow Rare Earths (LON:RBW)

Berenberg Bank reiterated their buy rating on shares of Rainbow Rare Earths (LON:RBW) in a research report sent to investors on Monday morning, MarketBeat.com reports. Berenberg Bank currently has a GBX 38 ($0.48) target price on the stock.

Separately, Canaccord Genuity Group restated a speculative buy rating and issued a GBX 21 ($0.27) target price on shares of Rainbow Rare Earths in a research note on Wednesday, June 19th.

Rainbow Rare Earths Stock Up 4.8 %

RBW stock opened at GBX 11 ($0.14) on Monday. Rainbow Rare Earths has a fifty-two week low of GBX 9.10 ($0.12) and a fifty-two week high of GBX 18 ($0.23). The stock has a fifty day moving average of GBX 11.32 and a 200-day moving average of GBX 11.54. The company has a debt-to-equity ratio of 3.90, a quick ratio of 3.79 and a current ratio of 2.66. The company has a market capitalization of £69.34 million, a price-to-earnings ratio of -550.00 and a beta of 1.43.

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.