USA Rare Earth (NASDAQ:USAR) Trading 1.7% Higher – Here’s What Happened

USA Rare Earth Inc. (NASDAQ:USAR) shares shot up 1.7% during trading on Thursday . The company traded as high as $19.44 and last traded at $19.25. 14,674,010 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 16,585,912 shares. The stock had previously closed at $18.92.

Analyst Upgrades and Downgrades

USAR has been the subject of several recent research reports. Weiss Ratings cut USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Roth Capital cut their price target on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Wall Street Zen raised shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Wedbush increased their target price on USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of USA Rare Earth in a research report on Tuesday, August 11th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.83.

USA Rare Earth Trading Down 6.5%

The business’s 50-day simple moving average is $18.07 and its 200 day simple moving average is $20.09. The company has a market capitalization of $4.01 billion, a P/E ratio of -7.40 and a beta of 2.55.

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

Insider Buying and Selling at USA Rare Earth

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

Institutional Investors Weigh In On USA Rare Earth

Large investors have recently made changes to their positions in the company. Allworth Financial LP acquired a new stake in shares of USA Rare Earth in the 2nd quarter valued at $38,000. Ascentis Independent Advisors acquired a new stake in shares of USA Rare Earth in the first quarter valued at about $27,000. Ameritas Advisory Services LLC boosted its position in shares of USA Rare Earth by 276.3% in the second quarter. Ameritas Advisory Services LLC now owns 1,987 shares of the company’s stock valued at $43,000 after acquiring an additional 1,459 shares during the period. First PREMIER Bank boosted its position in shares of USA Rare Earth by 100.0% in the second 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 period. Finally, Larson Financial Group LLC raised 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 valued at $25,000 after buying an additional 1,433 shares during 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.