USA Rare Earth Inc (NASDAQ:USAR - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $13.08, but opened at $13.45. USA Rare Earth shares last traded at $13.48, with a volume of 776,205 shares changing hands.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the stock. Roth Capital started coverage on shares of USA Rare Earth in a report on Thursday, May 29th. They issued a "buy" rating and a $15.00 price target on the stock. Canaccord Genuity Group initiated coverage on shares of USA Rare Earth in a research note on Friday. They set a "buy" rating and a $17.00 price objective on the stock.
Read Our Latest Stock Analysis on USAR
USA Rare Earth Stock Performance
The company's 50 day moving average is $10.64.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.19) earnings per share (EPS) for the quarter.
Institutional Trading of USA Rare Earth
A hedge fund recently bought a new stake in USA Rare Earth stock. Newtyn Management LLC acquired a new stake in shares of USA Rare Earth Inc (NASDAQ:USAR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 692,650 shares of the company's stock, valued at approximately $4,114,000. USA Rare Earth accounts for about 0.7% of Newtyn Management LLC's investment portfolio, making the stock its 24th largest position. Newtyn Management LLC owned approximately 0.85% of USA Rare Earth as of its most recent SEC filing.
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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