Investors Purchase Large Volume of Call Options on USA Rare Earth (NASDAQ:USAR)

USA Rare Earth Inc. (NASDAQ:USAR) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 23,652 call options on the company. This represents an increase of 145% compared to the average volume of 9,650 call options.

USA Rare Earth Stock Down 8.2%

Shares of USAR opened at $14.26 on Thursday. USA Rare Earth has a 52-week low of $5.56 and a 52-week high of $20.00. The company has a 50-day moving average of $10.83.

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 Investors Weigh In On USA Rare Earth

A hedge fund recently bought a new stake in USA Rare Earth stock. Titleist Asset Management LLC bought a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 24,450 shares of the company’s stock, valued at approximately $145,000.

Wall Street Analysts Forecast Growth

USAR has been the subject of a number of recent analyst reports. Canaccord Genuity Group initiated coverage on shares of USA Rare Earth in a research report on Friday, June 13th. They issued a “buy” rating and a $17.00 price objective for the company. Wall Street Zen raised USA Rare Earth to a “sell” rating in a research note on Saturday, June 14th. Finally, Roth Capital restated a “buy” rating on shares of USA Rare Earth in a research note on Friday, June 13th.

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.