USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) fell 6.8% during trading on Wednesday . The company traded as low as $11.78 and last traded at $11.84. 562,995 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 1,195,765 shares. The stock had previously closed at $12.70.
Wall Street Analysts Forecast Growth
USAR has been the subject of several recent research reports. Canaccord Genuity Group began 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. Wall Street Zen upgraded shares of USA Rare Earth to a "sell" rating in a research report on Saturday, June 14th. Finally, Roth Capital reissued a "buy" rating on shares of USA Rare Earth in a research note on Friday, June 13th.
Read Our Latest Report on USAR
USA Rare Earth Stock Down 2.6%
The company's 50-day simple moving average is $10.96.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last announced 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 bought a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 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.
Featured Articles
Before you consider USA Rare Earth, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and USA Rare Earth wasn't on the list.
While USA Rare Earth currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
