USA Rare Earth (NASDAQ:USAR) Shares Up 9.6% - Should You Buy?

Key Points

• USA Rare Earth Inc. shares increased by 9.6%, reaching a last trading price of $12.22 with a significant rise in trading volume.
• Analysts are optimistic, with Roth Capital and Canaccord Genuity issuing "buy" ratings, while Wall Street Zen downgraded to a "sell" rating.
• The company is developing a vertically integrated supply chain for rare earth elements, with facilities in Oklahoma and rights to a critical minerals deposit in Texas.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report)'s stock price shot up 9.6% on Thursday . The stock traded as high as $12.25 and last traded at $12.22. 2,575,169 shares were traded during mid-day trading, an increase of 52% from the average session volume of 1,694,292 shares. The stock had previously closed at $11.15.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on USAR shares. Roth Capital restated a "buy" rating on shares of USA Rare Earth in a research report on Friday, June 13th. Wall Street Zen upgraded shares of USA Rare Earth to a "sell" rating in a research report on Saturday, June 14th. Finally, Canaccord Genuity Group began coverage on shares of USA Rare Earth in a research report on Friday, June 13th. They set a "buy" rating and a $17.00 price objective for the company.

USA Rare Earth Stock Performance

The company's 50-day moving average price is $11.48.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last announced 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

Institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in shares of USA Rare Earth during the second quarter valued at about $250,000. Newtyn Management LLC acquired a new stake in shares of USA Rare Earth during the first quarter valued at about $4,114,000. Finally, Titleist Asset Management LLC acquired a new position in shares of USA Rare Earth in the first quarter valued at approximately $145,000.

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.

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