USA Rare Earth (NASDAQ:USAR) Trading 4.2% Higher – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR)’s share price shot up 4.2% on Friday . The stock traded as high as $26.71 and last traded at $25.30. 18,170,970 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 18,654,641 shares. The stock had previously closed at $24.29.

Analyst Ratings Changes

Several research firms recently weighed in on USAR. Roth Mkm set a $30.00 target price on shares of USA Rare Earth in a report on Monday, April 20th. Cantor Fitzgerald lifted their target price on shares of USA Rare Earth from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Wall Street Zen upgraded shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Wedbush lifted their target price on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Finally, Northland Securities began coverage on shares of USA Rare Earth in a report on Thursday, April 23rd. They issued an “outperform” rating and a $45.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $35.40.

USA Rare Earth Stock Performance

The company has a market cap of $5.51 billion, a PE ratio of -6.45 and a beta of 2.38. The company’s 50-day simple moving average is $20.28 and its 200 day simple moving average is $18.45.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.04. The business had revenue of $5.70 million during the quarter. Analysts forecast that USA Rare Earth Inc. will post -0.33 EPS for the current year.

Hedge Funds Weigh In On USA Rare Earth

Several hedge funds and other institutional investors have recently added to or reduced their stakes in USAR. Larson Financial Group LLC boosted its position in USA Rare Earth by 217.5% in the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after buying an additional 1,433 shares during the period. NewEdge Advisors LLC boosted its position in USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after buying an additional 1,424 shares during the period. Ascentis Independent Advisors purchased a new position in USA Rare Earth in the 1st quarter valued at approximately $27,000. Center for Financial Planning Inc. purchased a new stake in shares of USA Rare Earth during the 4th quarter worth $28,000. Finally, Havemeyer Place LP purchased a new stake in shares of USA Rare Earth during the 4th quarter worth $33,000.

About USA Rare Earth

USA Rare Earth (NASDAQ: USAR) is a development-stage critical minerals company focused on advancing a fully integrated rare earth element (REE) and lithium project in the United States. Its flagship asset is the Round Top deposit in West Texas, a large, polymetallic concentration of light and heavy rare earth elements, lithium and other co-products. The company seeks to move this asset through resource delineation, pilot-scale processing and eventual commercial production to address growing domestic demand for secure REE supply chains.

In addition to exploration, USA Rare Earth is engineering an on-site separation facility that will utilize dry magnetic separation and hydrometallurgical flowsheets to produce mixed rare earth carbonates.