USA Rare Earth (NASDAQ:USAR) Sees Large Volume Increase - Time to Buy?

USA Rare Earth Inc (NASDAQ:USAR - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 1,249,191 shares changed hands during mid-day trading, an increase of 15% from the previous session's volume of 1,082,258 shares.The stock last traded at $14.01 and had previously closed at $14.53.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Canaccord Genuity Group initiated coverage on USA Rare Earth in a research note on Friday. They issued a "buy" rating and a $17.00 target price on the stock. Roth Capital reiterated a "buy" rating on shares of USA Rare Earth in a report on Friday. Finally, Wall Street Zen upgraded USA Rare Earth to a "sell" rating in a research note on Saturday.

USA Rare Earth Trading Up 5.5%

The business has a fifty day moving average price of $10.64.

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

Hedge Funds 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) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 24,450 shares of the company's stock, valued at approximately $145,000.

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.