USA Rare Earth (NASDAQ:USAR) Coverage Initiated at Cantor Fitzgerald

Key Points

• Analysts at Cantor Fitzgerald initiated coverage on USA Rare Earth (NASDAQ:USAR) with an "overweight" rating and a price target of $16.00, indicating a potential upside of 25.89% from its last closing price.
• Other research firms, including Canaccord Genuity and Roth Capital, have recently issued "buy" ratings for the company, while Wall Street Zen downgraded it to a "sell" rating.
• USA Rare Earth is developing a domestic supply chain for rare earth element magnet production, with notable facilities in Oklahoma and mining rights in West Texas.

Investment analysts at Cantor Fitzgerald initiated coverage on shares of USA Rare Earth (NASDAQ:USAR - Get Free Report) in a research note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage set an "overweight" rating and a $16.00 price target on the stock. Cantor Fitzgerald's price target suggests a potential upside of 25.89% from the stock's previous close.

Other equities research analysts also recently issued reports about the company. Canaccord Genuity Group started coverage on USA Rare Earth in a research report on Friday, June 13th. They set a "buy" rating and a $17.00 price target on the stock. Roth Capital reaffirmed a "buy" rating on shares of USA Rare Earth in a research report on Friday, June 13th. Finally, Wall Street Zen raised USA Rare Earth to a "sell" rating in a research report on Saturday, June 14th.

USA Rare Earth Stock Performance

NASDAQ USAR opened at $12.71 on Friday. The firm has a fifty day moving average price of $11.59. USA Rare Earth has a 1 year low of $5.56 and a 1 year high of $20.00.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share for the quarter.

Institutional Investors Weigh In On USA Rare Earth

Several hedge funds have recently modified their holdings of USAR. Newtyn Management LLC purchased a new stake in shares of USA Rare Earth during the 1st quarter worth about $4,114,000. Titleist Asset Management LLC purchased a new stake in shares of USA Rare Earth during the 1st quarter worth about $145,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of USA Rare Earth during the 2nd quarter worth about $250,000.

About USA Rare Earth

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.

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