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

Ucore Rare Metals (OTCMKTS:UURAF) released its quarterly earnings data on Wednesday. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03), Zacks reports.

Ucore Rare Metals Stock Down 1.2%

Ucore Rare Metals stock opened at $2.12 on Thursday. Ucore Rare Metals has a 12 month low of $1.90 and a 12 month high of $10.69. The stock’s 50 day moving average is $2.75 and its 200-day moving average is $3.76.

Analyst Upgrades and Downgrades

Separately, B. Riley Financial dropped their price objective on Ucore Rare Metals from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average 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.