USA Rare Earth (NASDAQ:USAR) Shares Gap Up - What's Next?

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)'s stock price 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

Several equities analysts have weighed in on USAR shares. Roth Capital reaffirmed a "buy" rating on shares of USA Rare Earth in a report on Friday, June 13th. Wall Street Zen raised shares of USA Rare Earth from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Cantor Fitzgerald assumed coverage on shares of USA Rare Earth in a report on Friday, August 1st. They issued an "overweight" rating and a $16.00 target price on the stock. Finally, Canaccord Genuity Group initiated coverage on shares of USA Rare Earth in a report on Friday, June 13th. They set a "buy" rating and a $17.00 price target for the company.

USA Rare Earth Price Performance

The company has a 50-day moving average of $12.13.

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 Trading of USA Rare Earth

Several institutional investors have recently made changes to their positions in USAR. SBI Securities Co. Ltd. raised its stake in shares of USA Rare Earth by 10,448.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company's stock valued at $29,000 after acquiring an additional 2,612 shares during the period. International Assets Investment Management LLC acquired a new position in shares of USA Rare Earth during the 2nd quarter worth $250,000. MMCAP International Inc. SPC acquired a new stake in shares of USA Rare Earth in the second quarter valued at about $261,000. Titleist Asset Management LLC purchased a new position in USA Rare Earth in the 1st quarter valued at approximately $145,000. Finally, Pier 88 Investment Partners LLC acquired a new position in USA Rare Earth during the second quarter worth $588,000.

About USA Rare Earth

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.