USA Rare Earth Inc (NASDAQ:USAR - Get Free Report) shares gapped down prior to trading 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 trading hands.
Analyst Ratings Changes
Separately, Roth Capital started coverage on shares of USA Rare Earth in a research note on Thursday, May 29th. They issued a "buy" rating and a $15.00 target price for the company.
Get Our Latest Stock Report on USA Rare Earth
USA Rare Earth Stock Up 16.7%
USA Rare Earth (NASDAQ:USAR - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.19) EPS for the quarter.
Institutional Trading of USA Rare Earth
A hedge fund recently bought a new stake in USA Rare Earth stock. Titleist Asset Management LLC bought a new stake 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 and Exchange Commission. The firm bought 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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