Rare Earths Americas, Inc.’s Quiet Period Set To End on June 15th (NYSEAMERICAN:REA)

Rare Earths Americas’ (NYSEAMERICAN:REA) quiet period is set to end on Monday, June 15th. Rare Earths Americas had issued 3,333,331 shares in its initial public offering on May 6th. The total size of the offering was $63,333,289 based on an initial share price of $19.00. During the company’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

Several equities analysts have recently issued reports on REA shares. Cantor Fitzgerald started coverage on Rare Earths Americas in a research report on Monday, June 1st. They set a “speculative buy” rating and a $34.00 target price for the company. Stifel Nicolaus began coverage on Rare Earths Americas in a research report on Monday, June 1st. They set a “buy” rating and a $30.00 target price for the company. Canaccord Genuity Group began coverage on Rare Earths Americas in a report on Monday, June 1st. They set a “buy” rating and a $25.00 price objective on the stock. Finally, B. Riley Financial began coverage on Rare Earths Americas in a report on Monday, June 1st. They set a “buy” rating and a $28.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $29.25.

Rare Earths Americas Stock Performance

NYSEAMERICAN:REA opened at $19.35 on Monday. Rare Earths Americas has a fifty-two week low of $18.95 and a fifty-two week high of $30.02.