USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) shares dropped 4.8% during mid-day trading on Tuesday . The company traded as low as $12.80 and last traded at $13.30. Approximately 518,018 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 1,117,015 shares. The stock had previously closed at $13.97.
Analyst Ratings Changes
Several equities analysts have weighed in on USAR shares. Wall Street Zen upgraded USA Rare Earth to a "sell" rating in a research note on Saturday, June 14th. Roth Capital reiterated a "buy" rating on shares of USA Rare Earth in a report on Friday, June 13th. Finally, Canaccord Genuity Group initiated coverage on shares of 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 Research Report on USA Rare Earth
USA Rare Earth Stock Performance
The business has a fifty day moving average price of $10.86.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share for the quarter.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in USA Rare Earth stock. Titleist Asset Management LLC acquired a new position in USA Rare Earth Inc. (NASDAQ:USAR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,450 shares of the company's stock, valued at approximately $145,000.
About USA Rare Earth
(
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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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