UPDATE: Dahlman Rose Assumes Coverage on Rare Element Resources, Downgrades to Hold
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
|Jun 2015||H.C. Wainwright||Initiates Coverage on||Buy|
|Oct 2012||Dahlman Rose||Assumes||Hold|
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