USA Rare Earth Inc. (NASDAQ:USAR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of USA Rare Earth Inc. (NASDAQ:USAR) have earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $36.8333.

Several equities analysts have recently issued reports on USAR shares. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research note on Wednesday, June 3rd. Wall Street Zen upgraded USA Rare Earth from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $40.00 price objective on shares of USA Rare Earth in a research note on Thursday, June 4th. Roth Mkm reiterated a “buy” rating on shares of USA Rare Earth in a research report on Thursday, June 4th. Finally, Northland Securities assumed coverage on USA Rare Earth in a research note on Thursday, April 23rd. They set an “outperform” rating and a $45.00 target price for the company.

Insider Transactions at USA Rare Earth

In related news, Director Carolyn Trabuco sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $22.77, for a total transaction of $296,010.00. Following the completion of the transaction, the director directly owned 18,783 shares in the company, valued at $427,688.91. This represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.10% of the stock is currently owned by corporate insiders.

Institutional Trading of USA Rare Earth

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bayshore Capital Advisors LLC acquired a new stake in shares of USA Rare Earth during the 4th quarter valued at $102,378,000. Vanguard Group Inc. grew its position in USA Rare Earth by 533.3% during the 4th quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company’s stock worth $71,834,000 after acquiring an additional 5,083,288 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in USA Rare Earth by 44.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock worth $219,034,000 after purchasing an additional 3,909,455 shares in the last quarter. Inflection Point Holdings II LLC acquired a new position in USA Rare Earth in the 4th quarter worth about $37,188,000. Finally, State Street Corp raised its position in USA Rare Earth by 78.4% in the fourth quarter. State Street Corp now owns 5,032,866 shares of the company’s stock valued at $59,891,000 after purchasing an additional 2,212,177 shares during the last quarter.

USA Rare Earth Stock Down 7.4%

USAR stock opened at $19.98 on Friday. The company’s 50-day moving average price is $24.16 and its two-hundred day moving average price is $20.25. The firm has a market cap of $4.46 billion, a P/E ratio of -5.10 and a beta of 2.45. USA Rare Earth has a 12 month low of $9.32 and a 12 month high of $43.98.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $5.70 million for the quarter. Equities analysts predict that USA Rare Earth will post -0.35 EPS for the current year.

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.