USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) shares 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 topic of a number of recent research reports. Roth Capital reiterated a "buy" rating on shares of USA Rare Earth in a research report on Friday, June 13th. Wall Street Zen raised USA Rare Earth to a "sell" rating in a research note on Saturday, June 14th. Finally, Canaccord Genuity Group initiated coverage on USA Rare Earth in a research report on Friday, June 13th. They set a "buy" rating and a $17.00 price target on the stock.
Read Our Latest Stock Analysis on USAR
USA Rare Earth Trading Down 2.3%
The firm's fifty day simple moving average is $11.35.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last released its quarterly earnings data 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 USA Rare Earth Inc. (NASDAQ:USAR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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.
Read More
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access