USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $13.24, but opened at $14.09. USA Rare Earth shares last traded at $14.49, with a volume of 857,507 shares.
Analysts Set New Price Targets
USAR has been the topic of several recent analyst reports. Canaccord Genuity Group began coverage on shares of USA Rare Earth in a research note on Friday, June 13th. They issued a "buy" rating and a $17.00 price target on the stock. Roth Capital reaffirmed a "buy" rating on shares of USA Rare Earth in a research report on Friday, June 13th. Finally, Wall Street Zen upgraded USA Rare Earth to a "sell" rating in a report on Saturday, June 14th.
Check Out Our Latest Research Report on USAR
USA Rare Earth Price Performance
The company has a 50-day simple moving average of $10.83.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share (EPS) for the quarter.
Institutional Investors Weigh In On USA Rare Earth
An institutional investor recently bought a new position in USA Rare Earth stock. Titleist Asset Management LLC acquired a new position in USA Rare Earth Inc. (NASDAQ:USAR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,450 shares of the company's stock, valued at approximately $145,000.
About USA Rare Earth
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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.
Further Reading
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