# Rainbow Rare Earths Ltd 65.2% potential upside indicated by Canaccord Genuity

- Link: https://www.directorstalkinterviews.com/rainbow-rare-earths-ltd-65.2-potential-upside-indicated-by-canaccord-genuity/4121130376
- Published: 2023-10-20T14:06:43+01:00
- Author: Charlotte Edwards

**Rainbow Rare Earths Ltd** with ticker (LON:RBW) now has a potential upside of 
65.2% according to Canaccord Genuity.
Canaccord Genuity set a target price of 25
GBX for the company, which when compared to the Rainbow Rare Earths Ltd share price
of 15 GBX at opening today (20/10/2023) indicates a potential upside of 65.2%. Trading
has ranged between 7 (52 week low) and 18 (52 week high) with an average of 841,308
shares exchanging hands daily. The market capitalisation at the time of writing 
is £94,353,379.Rainbow Rare Earths Limited is a Guernsey-based mining company. The
Company is engaged in the development of rare earth mineral projects in South Africa
and Burundi. Its projects include Phalaborwa Project and Gakara Project. The Phalaborwa
Project is a gypsum stack re-treatment project for the recovery of rare earths located
in South Africa. The Phalaborwa Rare Earths Project has an inferred mineral resource
estimate of 30.4 metric tons (Mt) at 0.44% TREO contained within phosphogypsum in
two unconsolidated stacks derived from historic phosphate hard rock mining. The 
Gakara Rare Earth Project is located in Western Burundi, approximately 20 kilometers(
km) south-southeast of Bujumbura, covering a combined area of approximately 135 
square kilometers (km2). The mining permit covers an area of over 39 km2. It hosts
various veins consisting of the minerals bastnaesite and/or monazite. Its subsidiaries
include Rainbow Mining Burundi, Rainbow International Resources Ltd. and others.

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