Dahlman Rose Downgrades Rare Element Resources (REE) to Hold

October 24, 2012 9:06 AM EDT Send to a Friend
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Price: $0.38 -11.63%

Rating Summary:
    1 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 9 | Down: 10 | New: 35
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Dahlman Rose downgraded Rare Element Resources (NYSE: REE) from Buy to Hold in assumed coverage.

"We are assuming coverage of REE with a Hold (downgrade from Buy). Bear Lodge demonstrates an attractive resource grade, positive economics, and location in a favorable jurisdiction for mining investment within the US. Our rating is based on valuation vs its peer group.

The firm sees NAV of $6.04/share.

For an analyst ratings summary and ratings history on Rare Element Resources click here. For more ratings news on Rare Element Resources click here.

Shares of Rare Element Resources closed at $4.10 yesterday.


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