B. Riley Financial Cuts Ucore Rare Metals (OTCMKTS:UURAF) Price Target to $8.00

Ucore Rare Metals (OTCMKTS:UURAF) had its price target reduced by B. Riley Financial from $9.00 to $8.00 in a research report report published on Wednesday morning, Marketbeat reports. B. Riley Financial currently has a buy rating on the stock.

Separately, Zacks Research upgraded shares of Ucore Rare Metals to a “hold” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

Ucore Rare Metals Price Performance

Shares of Ucore Rare Metals stock opened at $2.10 on Wednesday. The firm has a 50-day moving average of $2.87 and a 200-day moving average of $3.86. Ucore Rare Metals has a 52-week low of $1.90 and a 52-week high of $10.69.

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.