USA Rare Earth (NASDAQ:USAR) Stock Price Up 1.1% – Here’s Why

USA Rare Earth Inc. (NASDAQ:USAR) shares were up 1.1% during trading on Monday . The stock traded as high as $12.52 and last traded at $12.37. Approximately 7,684,778 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 5,575,770 shares. The stock had previously closed at $12.24.

Analyst Ratings Changes

A number of research analysts have recently commented on USAR shares. Wall Street Zen downgraded shares of USA Rare Earth from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. William Blair assumed coverage on shares of USA Rare Earth in a report on Monday, October 20th. They issued an “outperform” rating for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of USA Rare Earth in a research report on Wednesday, November 19th. Roth Capital set a $40.00 price objective on USA Rare Earth in a report on Friday, October 10th. Finally, Cantor Fitzgerald started coverage on USA Rare Earth in a research report on Friday, August 1st. They issued an “overweight” rating and a $16.00 target price on the stock. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, USA Rare Earth currently has an average rating of “Moderate Buy” and an average price target of $26.33.

USA Rare Earth Trading Up 1.1%

The business’s 50-day moving average is $20.78 and its two-hundred day moving average is $15.44.

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

Hedge Funds Weigh In On USA Rare Earth

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its stake 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 valued at $25,000 after purchasing an additional 1,424 shares during the period. SBI Securities Co. Ltd. grew its holdings in USA Rare Earth by 10,448.0% during the 2nd 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 in the last quarter. National Bank of Canada FI increased its stake in USA Rare Earth by 110.0% during the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after buying an additional 1,100 shares during the period. Osaic Holdings Inc. acquired a new position in USA Rare Earth in the 2nd quarter worth $38,000. Finally, KLP Kapitalforvaltning AS acquired a new position in USA Rare Earth in the 3rd quarter worth $69,000.

USA Rare Earth Company Profile

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.