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

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

Ucore Rare Metals Trading Down 1.2%

Shares of Ucore Rare Metals stock traded down $0.03 on Wednesday, reaching $2.12. The stock had a trading volume of 191,081 shares, compared to its average volume of 446,863. The business’s 50 day moving average is $2.79 and its two-hundred day moving average is $3.79. Ucore Rare Metals has a 1 year low of $1.90 and a 1 year high of $10.69.

Analyst Upgrades and Downgrades

Separately, B. Riley Financial decreased their price target on Ucore Rare Metals from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $8.00.

Ucore Rare Metals Company Profile

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.