USA Rare Earth (NASDAQ:USAR) Stock Rating Upgraded by Wall Street Zen

USA Rare Earth (NASDAQ:USAR) was upgraded by analysts at Wall Street Zen to a “sell” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently weighed in on the company. Roth Capital initiated coverage on USA Rare Earth in a research note on Thursday, May 29th. They issued a “buy” rating and a $15.00 price target on the stock. Canaccord Genuity Group initiated coverage on shares of USA Rare Earth in a research report on Friday. They issued a “buy” rating and a $17.00 target price on the stock.

USA Rare Earth Trading Down 8.9%

NASDAQ USAR opened at $13.24 on Friday. USA Rare Earth has a 1 year low of $5.56 and a 1 year high of $20.00. The firm has a fifty day moving average of $10.64.

USA Rare Earth (NASDAQ:USAR) last issued its 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. Newtyn Management LLC purchased a new stake in shares of USA Rare Earth Inc (NASDAQ:USAR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 692,650 shares of the company’s stock, valued at approximately $4,114,000. USA Rare Earth makes up approximately 0.7% of Newtyn Management LLC’s holdings, making the stock its 24th biggest holding. Newtyn Management LLC owned 0.85% of USA Rare Earth as of its most recent filing with the Securities and Exchange Commission (SEC).

USA Rare Earth Company Profile

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.