Shares of USA Rare Earth Inc (NASDAQ:USAR - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $12.80, but opened at $11.90. USA Rare Earth shares last traded at $11.95, with a volume of 936,938 shares traded.
Analyst Ratings Changes
A number of analysts have commented on the stock. Wall Street Zen upgraded shares of USA Rare Earth to a "sell" rating in a research report on Saturday. Canaccord Genuity Group assumed coverage on shares of USA Rare Earth in a research report on Friday. They set a "buy" rating and a $17.00 price target on the stock. Finally, Roth Capital assumed coverage on shares of USA Rare Earth in a research report on Thursday, May 29th. They set a "buy" rating and a $15.00 price target on the stock.
Check Out Our Latest Stock Analysis on USAR
USA Rare Earth Stock Performance
The company has a 50 day moving average of $10.64.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.19) earnings per share (EPS) for the quarter.
Hedge Funds Weigh In On USA Rare Earth
An institutional investor recently bought a new position in USA Rare Earth stock. Newtyn Management LLC bought a new position in USA Rare Earth Inc (NASDAQ:USAR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 692,650 shares of the company's stock, valued at approximately $4,114,000. USA Rare Earth makes up about 0.7% of Newtyn Management LLC's portfolio, making the stock its 24th largest holding. Newtyn Management LLC owned about 0.85% of USA Rare Earth as of its most recent SEC filing.
USA Rare Earth Company Profile
(
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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