USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $15.54, but opened at $16.45. USA Rare Earth shares last traded at $14.61, with a volume of 4,560,591 shares changing hands.
Analyst Upgrades and Downgrades
Several research firms recently commented on USAR. Wall Street Zen upgraded shares of USA Rare Earth to a "sell" rating in a report on Saturday, June 14th. Canaccord Genuity Group started coverage on USA Rare Earth in a research note on Friday, June 13th. They set a "buy" rating and a $17.00 price target for the company. Finally, Roth Capital restated a "buy" rating on shares of USA Rare Earth in a report on Friday, June 13th.
Check Out Our Latest Report on USA Rare Earth
USA Rare Earth Price Performance
The stock has a 50 day simple moving average of $11.04.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share for the quarter.
Institutional Investors Weigh In On USA Rare Earth
A hedge fund recently bought a new stake in USA Rare Earth stock. Titleist Asset Management LLC acquired a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,450 shares of the company's stock, valued at approximately $145,000.
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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