USA Rare Earth (NASDAQ:USAR) Shares Down 9.3% - What's Next?

Key Points

• USA Rare Earth Inc.'s stock price has declined by 9.3% during mid-day trading, reaching a low of $10.98 from a previous close of $12.10.
• Analysts have mixed ratings on the stock, with Roth Capital maintaining a "buy" rating, while Wall Street Zen downgraded it to a "sell" rating.
• The company is focusing on developing a domestic supply chain for rare earth elements, with operations in Oklahoma and mining rights in Texas.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report)'s stock price was down 9.3% during mid-day trading on Tuesday . The stock traded as low as $10.98 and last traded at $10.98. Approximately 2,348,183 shares changed hands during mid-day trading, an increase of 39% from the average daily volume of 1,685,961 shares. The stock had previously closed at $12.10.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Roth Capital restated a "buy" rating on shares of USA Rare Earth in a report on Friday, June 13th. Wall Street Zen upgraded USA Rare Earth to a "sell" rating in a research report on Saturday, June 14th. Finally, Canaccord Genuity Group initiated coverage on USA Rare Earth in a report on Friday, June 13th. They issued a "buy" rating and a $17.00 price objective for the company.

USA Rare Earth Price Performance

The business's 50 day simple moving average is $11.45.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.19) EPS for the quarter.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of USAR. Titleist Asset Management LLC bought a new stake in USA Rare Earth during the 1st quarter valued at $145,000. International Assets Investment Management LLC purchased a new stake in shares of USA Rare Earth during the second quarter valued at $250,000. Finally, Newtyn Management LLC purchased a new stake in USA Rare Earth in the first quarter valued at $4,114,000.

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.

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