USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 3,353,798 shares changed hands during trading, an increase of 121% from the previous session's volume of 1,517,871 shares.The stock last traded at $14.80 and had previously closed at $14.26.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on USAR shares. Roth Capital reissued a "buy" rating on shares of USA Rare Earth in a research report on Friday, June 13th. Canaccord Genuity Group initiated coverage on USA Rare Earth in a research report on Friday, June 13th. They issued a "buy" rating and a $17.00 target price on the stock. Finally, Wall Street Zen raised USA Rare Earth to a "sell" rating in a research report on Saturday, June 14th.
View Our Latest Research Report on USA Rare Earth
USA Rare Earth Price Performance
The stock's fifty day simple moving average is $11.04.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share (EPS) for the quarter.
Institutional Investors Weigh In On USA Rare Earth
An institutional investor recently bought a new position in USA Rare Earth stock. Newtyn Management LLC purchased a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 692,650 shares of the company's stock, valued at approximately $4,114,000. USA Rare Earth makes up 0.7% of Newtyn Management LLC's holdings, making the stock its 24th largest holding. Newtyn Management LLC owned about 0.85% of USA Rare Earth as of its most recent SEC filing.
About USA Rare Earth
(
Get Free Report)
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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