USA Rare Earth (NASDAQ:USAR - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "sell" rating in a research report issued on Saturday.
Several other research analysts have also issued reports on USAR. Canaccord Genuity Group began coverage on USA Rare Earth in a research report on Friday. They set a "buy" rating and a $17.00 target price for the company. Roth Capital started coverage on USA Rare Earth in a report on Thursday, May 29th. They set a "buy" rating and a $15.00 price objective for the company.
View Our Latest Report on USA Rare Earth
USA Rare Earth Price Performance
Shares of NASDAQ:USAR traded down $1.97 during trading on Friday, hitting $12.00. The company had a trading volume of 3,302,620 shares, compared to its average volume of 2,149,056. The stock has a fifty day moving average price of $10.75. USA Rare Earth has a one year low of $5.56 and a one year high of $20.00.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share for the quarter.
Hedge Funds Weigh In On USA Rare Earth
An institutional investor recently bought a new position in USA Rare Earth stock. Titleist Asset Management LLC acquired a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 24,450 shares of the company's stock, valued at approximately $145,000.
USA Rare Earth Company Profile
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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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