USA Rare Earth Shares Rise on Buy Recommendation and Acquisition Announcement
USA Rare Earth (NASDAQ: USAR) shares surged over 10% after Canaccord reiterated a buy recommendation and raised its price target. The increase followed the company's announcement of a $2.8 billion acquisition of Serra Verde Group, which owns a rare-earth mine in Brazil. The deal is expected to secure USA Rare Earth's supply chain and support its expansion plans.
Topics: acquisition buy recommendation rare earth stock price movement supply chain