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 report issued to clients and investors on Saturday.

Several other analysts also recently commented on the stock. Roth Capital assumed coverage on shares of USA Rare Earth in a research report on Thursday, May 29th. They issued a “buy” rating and a $15.00 price target for the company. Canaccord Genuity Group assumed coverage on shares of USA Rare Earth in a research report on Friday. They set a “buy” rating and a $17.00 price objective for the company.

USA Rare Earth Stock Down 8.9%

USAR stock opened at $13.24 on Friday. The firm has a fifty day simple moving average of $10.64. USA Rare Earth has a 12 month low of $5.56 and a 12 month high of $20.00.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings results on Wednesday, May 14th. The company reported ($0.19) EPS for the quarter.

Institutional Investors Weigh In On USA Rare Earth

An institutional investor recently bought a new position in USA Rare Earth stock. Newtyn Management LLC acquired a new stake in USA Rare Earth Inc (NASDAQ:USAR) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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 investment portfolio, 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.

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.