Shares of USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) fell 5% during mid-day trading on Friday . The company traded as low as $14.58 and last traded at $14.67. 710,799 shares traded hands during trading, a decline of 55% from the average session volume of 1,568,032 shares. The stock had previously closed at $15.45.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on USAR. Wall Street Zen upgraded shares of USA Rare Earth to a "sell" rating in a research report on Saturday, June 14th. Canaccord Genuity Group started coverage on shares of USA Rare Earth in a report on Friday, June 13th. They issued a "buy" rating and a $17.00 price objective on the stock. Finally, Roth Capital restated a "buy" rating on shares of USA Rare Earth in a report on Friday, June 13th.
View Our Latest Analysis on USA Rare Earth
USA Rare Earth Trading Down 6.9%
The stock's 50 day moving average is $10.94.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last released 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
A hedge fund recently bought a new stake in USA Rare Earth stock. Titleist Asset Management LLC acquired a new position in USA Rare Earth Inc. (NASDAQ:USAR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 24,450 shares of the company's stock, valued at approximately $145,000.
About USA Rare Earth
(
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.
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