Ucore Rare Metals (CVE:UCU) Insider Randy Johnson Sells 10,000 Shares

Key Points

  • Insider sale: Randy Johnson sold 10,000 Ucore shares on Oct. 24 at C$6.50 each for C$65,000, trimming his stake by 0.11% to 8,941,736 shares (valued ~C$58.12M).
  • Analyst sentiment: Ucore carries a consensus "Strong Buy" rating after B. Riley's upgrade and Raymond James raising its price target to C$15.50, which matches the average analyst target.
  • Stock snapshot: The stock opened at C$5.50, has a market cap of C$501.94M, a P/E of -26.19, and a one-year range of C$0.57–C$13.07.

Ucore Rare Metals Inc. (CVE:UCU - Get Free Report) insider Randy Johnson sold 10,000 shares of the stock in a transaction on Friday, October 24th. The stock was sold at an average price of C$6.50, for a total value of C$65,000.00. Following the completion of the transaction, the insider owned 8,941,736 shares of the company's stock, valued at C$58,121,284. The trade was a 0.11% decrease in their position.

Ucore Rare Metals Price Performance

Ucore Rare Metals stock opened at C$5.50 on Friday. The firm has a market capitalization of C$501.94 million, a price-to-earnings ratio of -26.19 and a beta of 0.90. Ucore Rare Metals Inc. has a one year low of C$0.57 and a one year high of C$13.07.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. B. Riley upgraded shares of Ucore Rare Metals to a "strong-buy" rating in a research report on Thursday. Raymond James Financial boosted their price target on Ucore Rare Metals from C$14.50 to C$15.50 in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Strong Buy" and an average target price of C$15.50.

View Our Latest Report on UCU

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