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UPDATE: Dahlman Rose Assumes Coverage on Rare Element Resources, Downgrades to Hold

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In a report published Wednesday, Dahlman Rose & Co. assumed coverage on Rare Element Resources Ltd. (NYSE: REE), but downgraded its rating from Buy to Hold.

Dahlman Rose noted, “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.”

Rare Element Resources Ltd. closed on Tuesday at $4.24.

Latest Ratings for REE

DateFirmActionFromTo
Jun 2015H.C. WainwrightInitiates Coverage onBuy
Oct 2012Dahlman RoseAssumesHold

View More Analyst Ratings for REE
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Posted-In: Dahlman Rose & Co.Analyst Color Downgrades Analyst Ratings

 

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