USA Rare Earth (NASDAQ:USAR) Shares Gap Up - Still a Buy?

Key Points

• USA Rare Earth Inc. shares experienced a significant pre-market gap up, opening at $14.79 compared to the previous close of $13.94.
• Analysts have set new price targets for the company, with Cantor Fitzgerald at $16.00 and Canaccord Genuity at $17.00, reflecting growing investor interest.
• The company reported a loss of ($0.19) earnings per share in its last quarterly earnings, highlighting ongoing challenges despite rising stock performance.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $13.94, but opened at $14.79. USA Rare Earth shares last traded at $14.21, with a volume of 2,955,476 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Roth Capital reiterated a "buy" rating on shares of USA Rare Earth in a research note on Friday, June 13th. Wall Street Zen raised USA Rare Earth from a "strong sell" rating to a "hold" rating in a research report on Saturday. Canaccord Genuity Group initiated coverage on USA Rare Earth in a research report on Friday, June 13th. They issued a "buy" rating and a $17.00 price objective for the company. Finally, Cantor Fitzgerald initiated coverage on USA Rare Earth in a research note on Friday, August 1st. They issued an "overweight" rating and a $16.00 target price for the company.

USA Rare Earth Stock Performance

The firm has a fifty day moving average of $11.89.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.19) EPS for the quarter.

Institutional Trading of USA Rare Earth

Several institutional investors have recently added to or reduced their stakes in USAR. Newtyn Management LLC bought a new position in USA Rare Earth in the first quarter worth about $4,114,000. Titleist Asset Management LLC bought a new position in USA Rare Earth in the first quarter worth about $145,000. Finally, International Assets Investment Management LLC bought a new position in USA Rare Earth in the second quarter worth about $250,000.

USA Rare Earth Company Profile

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.