USA Rare Earth (NASDAQ:USAR) Sees Strong Trading Volume – Here’s What Happened

USA Rare Earth Inc. (NASDAQ:USAR) saw unusually-strong trading volume on Monday . Approximately 39,299,483 shares were traded during mid-day trading, an increase of 127% from the previous session’s volume of 17,330,631 shares.The stock last traded at $29.23 and had previously closed at $24.77.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Benchmark assumed coverage on shares of USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating on the stock. Roth Mkm upped their price objective on shares of USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday. William Blair began coverage on shares of USA Rare Earth in a report on Monday, October 20th. They set an “outperform” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of USA Rare Earth in a report on Monday, December 29th. Finally, Canaccord Genuity Group increased their price target on USA Rare Earth from $23.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, USA Rare Earth has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

USA Rare Earth Price Performance

The business’s fifty day simple moving average is $16.15 and its two-hundred day simple moving average is $17.30. The company has a market cap of $3.34 billion, a PE ratio of -48.42 and a beta of 0.96.

USA Rare Earth (NASDAQ:USAR) last announced its earnings results on Thursday, November 6th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.19).

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in USAR. NewEdge Advisors LLC raised its position in shares of USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after acquiring an additional 1,424 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in USA Rare Earth by 10,448.0% in the second quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock valued at $29,000 after purchasing an additional 2,612 shares during the last quarter. National Bank of Canada FI raised its holdings in USA Rare Earth by 110.0% during the third quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after purchasing an additional 1,100 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in USA Rare Earth during the second quarter worth approximately $38,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of USA Rare Earth during the 3rd quarter worth approximately $69,000.

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.