Why USA Rare Earth Stock Spiked Higher Today
Shares of rare earths miner USA Rare Earth (NASDAQ: USAR) rallied on Thursday, up 22.4% as of 12:48 p.m. EDT.
Rare-earth miners have been on a tear this week, as the Trump Administration's threats over Greenland have once again put critical minerals front and center in the investing conversation. However, there has also been real progress at certain rare-earths companies this week.
Two days ago, USA Rare Earth spiked following the announcement that its Less Common Metals Europe SAS subsidiary will develop a metal and alloy production facility in France, partially subsidized by the French government. Then yesterday, the company's larger Australian rare-earth mining peer, Lynas Rare Earths Limited (OTC: LYSD.Y), reported earnings, showing strong 43% revenue growth over the prior year.
Source Fool.com
Lynas Stock
The community is currently still undecided about Lynas with 2 Buy predictions and 0 Sell predictions.
With a current price of 10.0 € Lynas is right around the predicted target price of 10 €.
