USA Rare Earth (NASDAQ:USAR) Sees Strong Trading Volume - Here's What Happened

Key Points

• USA Rare Earth experienced a significant **98% increase** in trading volume, with nearly **3.9 million shares** traded on Friday, and its stock price rose to **$15.86** from a previous close of **$15.04**.
• Analysts have shown confidence in USA Rare Earth, with **Roth Capital** and **Canaccord Genuity** both giving the stock a **buy rating**, while **Wall Street Zen** upgraded its rating from **strong sell** to **hold**.
• Institutional investors are actively increasing their stakes in USA Rare Earth, with **Newtyn Management** investing approximately **$4.1 million** and **Geode Capital Management** increasing its holdings by **2,437.5%** during the second quarter.

Shares of USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) saw an uptick in trading volume on Friday . 3,898,533 shares traded hands during mid-day trading, an increase of 98% from the previous session's volume of 1,970,355 shares.The stock last traded at $15.86 and had previously closed at $15.04.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on USAR. Roth Capital reaffirmed a "buy" rating on shares of USA Rare Earth in a research note on Friday, June 13th. Wall Street Zen raised shares of USA Rare Earth from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Cantor Fitzgerald began coverage on shares of USA Rare Earth in a research note on Friday, August 1st. They issued an "overweight" rating and a $16.00 target price on the stock. Finally, Canaccord Genuity Group began coverage on shares of USA Rare Earth in a research note on Friday, June 13th. They issued a "buy" rating and a $17.00 target price on the stock.

USA Rare Earth Trading Up 8.1%

The stock has a 50 day moving average of $12.28.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Newtyn Management LLC acquired a new stake in USA Rare Earth during the 1st quarter worth approximately $4,114,000. Geode Capital Management LLC raised its holdings in USA Rare Earth by 2,437.5% during the 2nd quarter. Geode Capital Management LLC now owns 653,290 shares of the company's stock worth $7,160,000 after buying an additional 627,545 shares during the period. Pier 88 Investment Partners LLC acquired a new stake in USA Rare Earth during the 2nd quarter worth approximately $588,000. Titleist Asset Management LLC acquired a new stake in USA Rare Earth during the 1st quarter worth approximately $145,000. Finally, MMCAP International Inc. SPC acquired a new stake in USA Rare Earth during the 2nd quarter worth approximately $261,000.

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.