Shares of USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) saw strong trading volume on Friday . 1,021,406 shares were traded during trading, a decline of 20% from the previous session's volume of 1,273,809 shares.The stock last traded at $11.22 and had previously closed at $11.00.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the company. Wall Street Zen upgraded USA Rare Earth to a "sell" rating in a research report on Saturday, June 14th. Roth Capital restated a "buy" rating on shares of USA Rare Earth in a research report on Friday, June 13th. Finally, Canaccord Genuity Group assumed coverage on USA Rare Earth in a research report on Friday, June 13th. They issued a "buy" rating and a $17.00 target price for the company.
Read Our Latest Stock Analysis on USA Rare Earth
USA Rare Earth Price Performance
The stock has a 50-day moving average 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.
Institutional Trading of USA Rare Earth
An institutional investor recently bought a new position in USA Rare Earth stock. Titleist Asset Management LLC bought a new stake in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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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