USA Rare Earth (NASDAQ:USAR) Shares Up 2% – Here’s Why

USA Rare Earth Inc. (NASDAQ:USAR) was up 2% during mid-day trading on Friday . The company traded as high as $15.37 and last traded at $14.95. 11,613,230 shares were traded during trading, a decline of 32% from the average session volume of 16,987,859 shares. The stock had previously closed at $14.65.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on USAR shares. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Weiss Ratings raised shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $40.00 price objective on shares of USA Rare Earth in a research report on Thursday, June 4th. Needham & Company LLC dropped their price objective on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Finally, Roth Capital reduced their target price on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Nine research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, USA Rare Earth currently has an average rating of “Moderate Buy” and an average target price of $35.83.

USA Rare Earth Trading Up 2.0%

The firm has a market capitalization of $3.33 billion, a P/E ratio of -3.81 and a beta of 2.45. The business has a 50 day moving average of $20.69 and a 200-day moving average of $20.51.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The company had revenue of $5.70 million during the quarter. On average, analysts anticipate that USA Rare Earth Inc. will post -0.35 EPS for the current fiscal year.

Insider Activity at USA Rare Earth

In related news, Director Carolyn Trabuco sold 13,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $22.77, for a total value of $296,010.00. Following the sale, the director directly owned 18,783 shares of the company’s stock, valued at approximately $427,688.91. The trade was a 40.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.10% of the stock is currently owned by insiders.

Institutional Trading of USA Rare Earth

Hedge funds and other institutional investors have recently modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of USA Rare Earth by 217.5% during the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after buying an additional 1,433 shares during the period. NewEdge Advisors LLC grew its holdings in shares of USA Rare Earth by 158.2% during the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after buying an additional 1,424 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in USA Rare Earth in the 1st quarter valued at approximately $27,000. Center for Financial Planning Inc. acquired a new stake in USA Rare Earth in the 4th quarter valued at approximately $28,000. Finally, Havemeyer Place LP bought a new stake in USA Rare Earth in the 4th quarter valued at approximately $33,000.

USA Rare Earth Company Profile

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.