Wall Street Zen Upgrades USA Rare Earth (NASDAQ:USAR) to Hold

Key Points

• USA Rare Earth has been upgraded by Wall Street Zen from a "strong sell" to a "hold" rating, indicating a more favorable outlook on the stock.
• Analysts from Roth Capital and Canaccord Genuity Group have issued "buy" ratings, with price targets of $17.00 and $16.00, respectively.
• The stock opened at $13.94 and has experienced a 12-month price range, with a low of $5.56 and a high of $20.00.

USA Rare Earth (NASDAQ:USAR - Get Free Report) was upgraded by analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a report released on Saturday.

Other equities research analysts have also issued reports about the company. Roth Capital reiterated a "buy" rating on shares of USA Rare Earth in a report on Friday, June 13th. Canaccord Genuity Group began coverage on shares of USA Rare Earth in a research report on Friday, June 13th. They set a "buy" rating and a $17.00 price objective on the stock. Finally, Cantor Fitzgerald assumed coverage on shares of USA Rare Earth in a research note on Friday. They issued an "overweight" rating and a $16.00 target price for the company.

USA Rare Earth Price Performance

Shares of NASDAQ:USAR opened at $13.94 on Friday. The firm's fifty day moving average is $11.68. USA Rare Earth has a 12-month low of $5.56 and a 12-month high of $20.00.

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 (EPS) for the quarter.

Institutional Trading of USA Rare Earth

Institutional investors and hedge funds have recently made changes to their positions in the stock. Titleist Asset Management LLC acquired a new position in shares of USA Rare Earth during the 1st quarter valued at about $145,000. Newtyn Management LLC acquired a new stake in USA Rare Earth in the 1st quarter worth approximately $4,114,000. Finally, International Assets Investment Management LLC bought a new stake in USA Rare Earth during the second quarter worth approximately $250,000.

About USA Rare Earth

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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