Ucore Rare Metals (OTCMKTS:UURAF) Releases Earnings Results, Misses Expectations By $0.03 EPS

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

Ucore Rare Metals Stock Performance

Shares of OTCMKTS:UURAF opened at $1.82 on Wednesday. The business has a 50-day moving average of $2.59 and a two-hundred day moving average of $3.66. Ucore Rare Metals has a 12 month low of $1.81 and a 12 month high of $10.69.

Analyst Upgrades and Downgrades

UURAF has been the topic of a number of analyst reports. B. Riley Financial decreased their target price 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. Jefferies Financial Group began coverage on Ucore Rare Metals in a report on Wednesday. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ucore Rare Metals currently has a consensus rating of “Moderate Buy” and an average target price of $8.00.

About Ucore Rare Metals

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.