USA Rare Earth (NASDAQ:USAR) Shares Gap Up – What’s Next?

USA Rare Earth Inc (NASDAQ:USAR) gapped up prior to trading on Tuesday . The stock had previously closed at $13.08, but opened at $13.45. USA Rare Earth shares last traded at $13.48, with a volume of 776,205 shares changing hands.

Analyst Ratings Changes

Separately, Roth Capital started coverage on USA Rare Earth in a research note on Thursday, May 29th. They issued a “buy” rating and a $15.00 target price for the company.

USA Rare Earth Price Performance

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 Inflows and Outflows

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) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 692,650 shares of the company’s stock, valued at approximately $4,114,000. USA Rare Earth comprises approximately 0.7% of Newtyn Management LLC’s investment portfolio, making the stock its 24th largest holding. Newtyn Management LLC owned 0.85% of USA Rare Earth at the end of the most recent reporting period.

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.