USA Rare Earth (NASDAQ:USAR) Stock Price Up 12.6% – Should You Buy?

USA Rare Earth Inc. (NASDAQ:USAR) rose 12.6% during mid-day trading on Friday . The stock traded as high as $19.54 and last traded at $19.26. 21,454,312 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 16,628,059 shares. The stock had previously closed at $17.11.

Analyst Upgrades and Downgrades

Several research analysts recently commented on USAR shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of USA Rare Earth in a report on Tuesday, August 11th. Weiss Ratings cut shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Wedbush increased their target price on USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Needham & Company LLC dropped their target price on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Finally, Wall Street Zen raised USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $35.83.

USA Rare Earth Trading Up 12.6%

The firm has a market cap of $4.30 billion, a PE ratio of -7.93 and a beta of 2.55. The stock has a fifty day simple moving average of $18.60 and a two-hundred day simple moving average of $20.24.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $5.82 million for the quarter. As a group, sell-side analysts predict that USA Rare Earth Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Transactions at USA Rare Earth

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of the stock in a transaction that occurred 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 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 SEC, which is available through this hyperlink. 9.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On USA Rare Earth

Several large investors have recently added to or reduced their stakes in USAR. Allworth Financial LP bought a new position in USA Rare Earth in the 2nd quarter worth about $38,000. Ascentis Independent Advisors purchased a new stake in shares of USA Rare Earth in the 1st quarter valued at about $27,000. First PREMIER Bank boosted its position in shares of USA Rare Earth by 100.0% during the 2nd quarter. First PREMIER Bank now owns 2,000 shares of the company’s stock valued at $43,000 after acquiring an additional 1,000 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of USA Rare Earth by 217.5% during the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after acquiring an additional 1,433 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of 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.

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.