USA Rare Earth Inc (NASDAQ:USAR - Get Free Report) traded up 4.1% during trading on Friday . The company traded as high as $8.69 and last traded at $8.40. 491,186 shares traded hands during trading, a decline of 41% from the average session volume of 838,117 shares. The stock had previously closed at $8.07.
Analyst Ratings Changes
Separately, Roth Capital began coverage on USA Rare Earth in a report on Thursday. They issued a "buy" rating and a $15.00 price objective on the stock.
Check Out Our Latest Research Report on USA Rare Earth
USA Rare Earth Trading Up 8.1%
USA Rare Earth (NASDAQ:USAR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.19) earnings per share for the quarter.
Institutional Investors Weigh In On 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 USA Rare Earth Inc (NASDAQ:USAR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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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