USA Rare Earth Inc. ( NASDAQ:USAR – Get Free Report ) reached a new 52-week low during trading on Monday. The stock traded as low as $8.86 and last traded at $8.9310, with a volume of 7,238,632 shares. The stock had previously closed at $9.62.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. Texas Capital raised shares of USA Rare Earth to a “strong-buy” rating in a research report on Tuesday, October 20th. Needham & Company LLC decreased their price target on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings downgraded USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Wall Street Zen downgraded USA Rare Earth from a “sell” rating to a “strong sell” rating in a report on Saturday, October 24th. Finally, Jefferies Financial Group assumed coverage on USA Rare Earth in a research note on Wednesday, September 2nd. They set a “buy” rating and a $21.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Sell r...