Shares of USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) saw an uptick in trading volume on Thursday . 3,353,798 shares were traded during mid-day 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.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on USAR. Roth Capital reiterated a "buy" rating on shares of USA Rare Earth in a research report on Friday, June 13th. Wall Street Zen upgraded USA Rare Earth to a "sell" rating in a research report on Saturday, June 14th. Finally, Canaccord Genuity Group initiated 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.
Get Our Latest Stock Analysis on USAR
USA Rare Earth Price Performance
The firm has a 50 day simple moving average of $10.83.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The company reported ($0.19) 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. Titleist Asset Management LLC purchased a new stake in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,450 shares of the company's stock, valued at approximately $145,000.
USA Rare Earth Company Profile
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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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