USA Rare Earth Inc (NASDAQ:USAR - Get Free Report) shares were up 4.3% during mid-day trading on Thursday . The company traded as high as $13.50 and last traded at $12.99. Approximately 448,379 shares changed hands during trading, a decline of 56% from the average daily volume of 1,027,574 shares. The stock had previously closed at $12.45.
Analyst Ratings Changes
USAR has been the subject of several recent research reports. Canaccord Genuity Group began coverage on USA Rare Earth in a report on Friday. They issued a "buy" rating and a $17.00 price objective for the company. Roth Capital assumed coverage on shares of USA Rare Earth in a report on Thursday, May 29th. They issued a "buy" rating and a $15.00 price target for the company. Finally, Wall Street Zen upgraded shares of USA Rare Earth to a "sell" rating in a research note on Saturday.
Get Our Latest Analysis on USAR
USA Rare Earth Trading Down 8.9%
The firm has a 50 day moving average of $10.64.
USA Rare Earth (NASDAQ:USAR - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.19) earnings per share (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 SEC. The institutional investor purchased 692,650 shares of the company's stock, valued at approximately $4,114,000. USA Rare Earth accounts for approximately 0.7% of Newtyn Management LLC's holdings, making the stock its 24th biggest position. Newtyn Management LLC owned about 0.85% of USA Rare Earth at the end of the most recent reporting period.
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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