Ucore Rare Metals (OTCMKTS:UURAF) Given New $8.00 Price Target at B. Riley Financial

Ucore Rare Metals (OTCMKTS:UURAF) had its target price lowered by equities research analysts at B. Riley Financial from $9.00 to $8.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial’s price objective points to a potential upside of 286.47% from the company’s current price.

Separately, Zacks Research upgraded shares of Ucore Rare Metals to a “hold” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $8.00.

Ucore Rare Metals Stock Down 3.3%

OTCMKTS UURAF opened at $2.07 on Wednesday. The firm’s fifty day moving average price is $2.98 and its 200 day moving average price is $3.93. Ucore Rare Metals has a 12 month low of $1.62 and a 12 month 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.