USA Rare Earth Sees Unusually High Options Volume (NASDAQ:USAR)

USA Rare Earth Inc. (NASDAQ:USAR) was the recipient of some unusual options trading on Monday. Stock investors bought 20,858 call options on the stock. Thisisanincreaseof95% compared to the average daily volume of 10,674 call options.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on USAR. Roth Capital reissued a “buy” rating on shares of USA Rare Earth in a research report on Friday, June 13th. Canaccord Genuity Group began coverage on USA Rare Earth in a research report on Friday, June 13th. They set a “buy” rating and a $17.00 price target for the company. Cantor Fitzgerald began coverage on USA Rare Earth in a research report on Friday. They set an “overweight” rating and a $16.00 price target for the company. Finally, Wall Street Zen raised USA Rare Earth from a “strong sell” rating to a “hold” rating in a research report on Saturday.

USA Rare Earth Stock Up 0.4%

USAR opened at $13.99 on Tuesday. USA Rare Earth has a 12-month low of $5.56 and a 12-month high of $20.00. The company has a 50 day simple moving average of $11.78.

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

Institutional Investors Weigh In On USA Rare Earth

Large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new stake in USA Rare Earth in the 2nd quarter valued at $250,000. Titleist Asset Management LLC bought a new stake in USA Rare Earth in the 1st quarter valued at $145,000. Finally, Newtyn Management LLC bought a new stake in USA Rare Earth in the 1st quarter valued at $4,114,000.

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.