USA Rare Earth (USAR) Climbs 13.9% on Bullish Outlook

We recently published 10 Big Names Beating Wall Street at its Own Game. USA Rare Earth, Inc. (NASDAQ:USAR) is one of the best performers on Monday.

USA Rare Earth snapped a four-day losing streak on Monday, jumping 13.92 percent to finish at $31.59 apiece as investors took heart from investment firm William Blair’s bullish coverage for the stock.

In a market note, William Blair gave an outperform rating on USA Rare Earth, Inc. (NASDAQ:USAR), alongside United States Antimony Corp., American Resources Corp., NioCorp Developments Ltd., and Royalty Management Holding Corp., on the belief that they were uniquely positioned to benefit from the surge in interest and investments in domestic rare earth production.

For USA Rare Earth, Inc. (NASDAQ:USAR) alone, William Blair highlighted the looming start of operations of a magnet facility that is expected to support its growth.

Earlier this month, USA Rare Earth, Inc. (NASDAQ:USAR) announced that it was in talks with the US government and that it was keeping it informed about its plans.

Copyright: vyacheslavsvetlichnyy / 123RF Stock Photo

The negotiations followed the Trump administration’s acquisition of significant stakes in other listed mining companies, namely MP Materials and Lithium Americas, in line with plans to prop up domestic supply and reduce reliance on imports.

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Disclosure: None. This article is originally published at Insider Monkey.