Shares of USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) were up 8.3% on Monday . The stock traded as high as $11.64 and last traded at $11.60. Approximately 1,899,262 shares traded hands during trading, an increase of 46% from the average daily volume of 1,299,110 shares. The stock had previously closed at $10.71.
Analysts Set New Price Targets
USAR has been the topic of several research analyst reports. Wall Street Zen raised USA Rare Earth to a "sell" rating in a research report on Saturday, June 14th. Canaccord Genuity Group assumed coverage on USA Rare Earth in a research report on Friday, June 13th. They set a "buy" rating and a $17.00 price target on the stock. Finally, Roth Capital reissued a "buy" rating on shares of USA Rare Earth in a report on Friday, June 13th.
Get Our Latest Stock Report on USAR
USA Rare Earth Stock Up 8.3%
The firm's fifty day moving average is $10.83.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.19) earnings per share for the quarter.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in USA Rare Earth stock. Newtyn Management LLC bought a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 692,650 shares of the company's stock, valued at approximately $4,114,000. USA Rare Earth makes up 0.7% of Newtyn Management LLC's investment portfolio, making the stock its 24th biggest holding. Newtyn Management LLC owned approximately 0.85% of USA Rare Earth at the end of the most recent reporting period.
USA Rare Earth Company Profile
(
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.
Recommended Stories
Before you consider USA Rare Earth, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and USA Rare Earth wasn't on the list.
While USA Rare Earth currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
