Critical Metals initiated with a Buy at Clear Street

Clear Street analyst Tim Moore initiated coverage of Critical Metals (CRML) with a Buy rating and $12 price target Critical Metals is “a unique way for investors to gain exposure” to rare earths and high-value metals used in high performance technology and magnets, says the analyst, who notes the company plans ore mining with the Tanbreez project in Greenland. The Tanbreez mining project is “the key catalyst,” adds the analyst, who assumes Critical Metals owns 92.5% of it by late December after reaching a capex milestone.