Zacks Reiterates Buy Rating for Avalon Rare Metals (AVL)
Avalon Rare Metals (NYSE:AVL)‘s stock had its “buy” rating reaffirmed by Zacks in a report issued on Friday, AnalystRatings.Net reports. They currently have a $0.70 price target on the stock. Zacks‘ price objective would suggest a potential downside of 13.91% from the company’s current price.
Separately, analysts at Roth Capital cut their price target on shares of Avalon Rare Metals (NYSE:AVL) from $4.00 to $1.50 in a research note to investors on Friday.
Avalon Rare Metals (NYSE:AVL) traded down 4.07% during mid-day trading on Friday, hitting $0.78. 414,391 shares of the company’s stock traded hands. Avalon Rare Metals has a 1-year low of $0.50 and a 1-year high of $2.47. The stock has a 50-day moving average of $0.82 and a 200-day moving average of $0.90. The company’s market cap is $81.0 million.
Avalon Rare Metals Inc (NYSE:AVL) is a Canada-based mineral exploration and development company.
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