USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report)'s stock price was down 6.8% during trading on Wednesday . The stock traded as low as $11.78 and last traded at $11.84. Approximately 562,995 shares traded hands during trading, a decline of 53% from the average daily volume of 1,195,765 shares. The stock had previously closed at $12.70.
Analyst Ratings Changes
USAR has been the topic of several analyst reports. Wall Street Zen upgraded shares of USA Rare Earth to a "sell" rating in a research note on Saturday, June 14th. Roth Capital reaffirmed a "buy" rating on shares of USA Rare Earth in a report on Friday, June 13th. Finally, Canaccord Genuity Group started 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 for the company.
Check Out Our Latest Research Report on USAR
USA Rare Earth Stock Performance
The firm has a 50-day simple moving average of $10.87.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last issued 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
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 first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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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