USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $13.68, but opened at $13.28. USA Rare Earth shares last traded at $12.90, with a volume of 1,704,080 shares trading hands.
Analysts Set New Price Targets
USAR has been the subject of several analyst reports. Wall Street Zen raised shares of USA Rare Earth to a "sell" rating in a report on Saturday, June 14th. Roth Capital reiterated a "buy" rating on shares of USA Rare Earth in a report on Friday, June 13th. Finally, 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.
Get Our Latest Analysis on USAR
USA Rare Earth Stock Performance
The firm's 50 day simple moving average is $11.22.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share for the quarter.
Institutional Trading of USA Rare Earth
An institutional investor recently bought a new position in USA Rare Earth stock. Titleist Asset Management LLC acquired a new stake in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 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.
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