USA Rare Earth (NASDAQ:USAR - Get Free Report) was upgraded by equities researchers at Wall Street Zen to a "sell" rating in a research note issued on Saturday.
A number of other equities research analysts also recently commented on the stock. Canaccord Genuity Group started coverage on shares of USA Rare Earth in a research report on Friday. They issued a "buy" rating and a $17.00 target price for the company. Roth Capital began coverage on shares of USA Rare Earth in a research report on Thursday, May 29th. They set a "buy" rating and a $15.00 price objective for the company.
View Our Latest Stock Analysis on USAR
USA Rare Earth Stock Down 8.9%
Shares of USAR traded down $1.29 on Friday, hitting $13.24. 3,545,135 shares of the stock traded hands, compared to its average volume of 1,106,065. The firm has a 50 day simple moving average of $10.64. 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 posted its earnings results on Wednesday, May 14th. The company reported ($0.19) EPS for the quarter.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in USA Rare Earth stock. Newtyn Management LLC purchased a new position in USA Rare Earth Inc (NASDAQ:USAR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 692,650 shares of the company's stock, valued at approximately $4,114,000. USA Rare Earth makes up approximately 0.7% of Newtyn Management LLC's investment portfolio, making the stock its 24th biggest holding. Newtyn Management LLC owned about 0.85% of USA Rare Earth as of its most recent SEC filing.
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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