USA Rare Earth (NASDAQ:USAR) Sees Large Volume Increase - Still a Buy?

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) shares saw an uptick in trading volume on Friday . 1,021,406 shares changed hands during mid-day 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.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Roth Capital reiterated a "buy" rating on shares of USA Rare Earth in a research note on Friday, June 13th. Wall Street Zen upgraded shares of USA Rare Earth to a "sell" rating in a report on Saturday, June 14th. Finally, Canaccord Genuity Group assumed coverage on shares of USA Rare Earth in a report on Friday, June 13th. They set a "buy" rating and a $17.00 target price on the stock.

USA Rare Earth Stock Up 10.6%

The stock's fifty day simple moving average is $10.64.

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 Trading of USA Rare Earth

An institutional investor recently bought a new position in USA Rare Earth stock. Newtyn Management LLC acquired a new stake in USA Rare Earth Inc. (NASDAQ:USAR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 692,650 shares of the company's stock, valued at approximately $4,114,000. USA Rare Earth comprises about 0.7% of Newtyn Management LLC's investment portfolio, making the stock its 24th largest holding. Newtyn Management LLC owned 0.85% of USA Rare Earth as of its most recent filing with the SEC.

USA Rare Earth Company Profile

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.