USA Rare Earth Inc (NASDAQ:USAR - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $8.95, but opened at $9.68. USA Rare Earth shares last traded at $9.50, with a volume of 594,667 shares changing hands.
Wall Street Analyst Weigh In
Separately, Roth Capital initiated coverage on USA Rare Earth in a research report on Thursday, May 29th. They set a "buy" rating and a $15.00 target price for the company.
Read Our Latest Stock Report on USAR
USA Rare Earth Price Performance
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 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 bought a new stake in USA Rare Earth Inc (NASDAQ:USAR - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 24,450 shares of the company's stock, valued at approximately $145,000.
About USA Rare Earth
(
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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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