USA Rare Earth Stock Dips Despite $1.55 Billion Government-Backed Offtake Milestone
Shares of USA Rare Earth are trading lower Monday, pulling back alongside a broader unwind across small-cap critical mineral stocks.
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Roth Capital analyst Suji Desilva maintains USA Rare Earth (NASDAQ:USAR) with a Buy and lowers the price target from $40 to $30.
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Shares of USA Rare Earth are trading lower Monday, pulling back alongside a broader unwind across small-cap critical mineral stocks.
Read original at benzingaA $1,000 investment in USA Rare Earth (USAR) made a year ago would have grown 13% to approximately $1,140 today. Despite extreme volatility, all eight analysts covering the stock rate it a strong buy with a $37.50 price target. The company is developing rare-earth mining and production facilities to reduce U.S. dependence on Chinese supplies, but remains years away from profitability and meaningful output.
Read original at the-motley-foolTrump-backed rare earth funding strengthens the U.S. defense supply chain. Lockheed Martin, RTX, Northrop investors should pay attention.
Read original at benzinga