USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) shares were down 6.8% on Tuesday . The stock traded as low as $10.18 and last traded at $10.22. Approximately 485,564 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 1,222,222 shares. The stock had previously closed at $10.96.
Wall Street Analysts Forecast Growth
USAR has been the subject of several research reports. Wall Street Zen upgraded shares of USA Rare Earth to a "sell" rating in a research report on Saturday, June 14th. Roth Capital restated a "buy" rating on shares of USA Rare Earth in a research report on Friday, June 13th. Finally, Canaccord Genuity Group assumed coverage on USA Rare Earth in a report on Friday, June 13th. They issued a "buy" rating and a $17.00 target price for the company.
Read Our Latest Research Report on USA Rare Earth
USA Rare Earth Trading Down 5.6%
The business has a 50-day moving average price of $10.79.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last issued its quarterly 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 stake in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) in the first quarter, according to the company in its most recent 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
(
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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