Shares of 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.
Analysts Set New Price Targets
Several brokerages have recently commented on USAR. Roth Capital started coverage on USA Rare Earth in a report on Thursday, May 29th. They set a "buy" rating and a $15.00 target price on the stock. Canaccord Genuity Group started coverage on shares of USA Rare Earth in a research report on Friday. They set a "buy" rating and a $17.00 price target on the stock. Finally, Wall Street Zen raised shares of USA Rare Earth to a "sell" rating in a report on Saturday.
Read Our Latest Research Report on USAR
USA Rare Earth Stock Performance
The firm's fifty day moving average is $10.64.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.19) EPS for the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in USA Rare Earth stock. Titleist Asset Management LLC purchased a new position 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 and Exchange Commission (SEC). The fund purchased 24,450 shares of the company's stock, valued at approximately $145,000.
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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