USA Rare Earth (NASDAQ:USAR) Trading Up 5.1% – Still a Buy?

Shares of USA Rare Earth Inc. (NASDAQ:USAR) rose 5.1% during trading on Monday . The stock traded as high as $30.70 and last traded at $29.43. Approximately 22,127,738 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 18,623,965 shares. The stock had previously closed at $28.01.

Trending Headlines about USA Rare Earth

Here are the key news stories impacting USA Rare Earth this week:

• Positive Sentiment: USA Rare Earth plans to invest more than about €175 million in France through 2030, expanding its metal, alloy and magnet-making operations and deepening its role in the European rare earth supply chain. USA Rare Earth plans more than 175M euro investment in France
• Positive Sentiment: The company was selected for up to $19.3 million in DOE funding to help advance a pilot rare earth separation facility and expand U.S. processing capacity, which could strengthen its long-term growth profile and support domestic supply-chain buildout. USA Rare Earth Selected for DOE Funding to Advance REE Capacity
• Neutral Sentiment: The investment plans build on existing French initiatives, including the Less Common Metals facility at Lacq and a strategic investment in Carester SAS, underscoring management’s commitment to scaling in Europe. USA Rare Earth Expands Commitment to France with Plans for Additional Investment in the French Rare Earth Ecosystem

Analyst Ratings Changes

Several equities analysts recently commented on USAR shares. Weiss Ratings upgraded shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. Wedbush boosted their price target on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Northland Securities initiated coverage on shares of USA Rare Earth in a report on Thursday, April 23rd. They issued an “outperform” rating and a $45.00 price target on the stock. Cantor Fitzgerald upped their target price on shares of USA Rare Earth from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, May 14th. Finally, Wall Street Zen raised shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.00.

USA Rare Earth Stock Performance

The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of -7.51 and a beta of 2.33. The business’s 50-day simple moving average is $21.15 and its 200-day simple moving average is $18.87.

USA Rare Earth (NASDAQ:USAR) last released its earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The business had revenue of $5.70 million for the quarter. On average, analysts forecast that USA Rare Earth Inc. will post -0.33 earnings per share for the current year.

Hedge Funds Weigh In On USA Rare Earth

Hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC grew its stake 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 worth $25,000 after acquiring an additional 1,433 shares in the last quarter. NewEdge Advisors LLC lifted 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 shares of USA Rare Earth during the first quarter worth $27,000. Center for Financial Planning Inc. acquired a new position in USA Rare Earth in the fourth quarter valued at about $28,000. Finally, Havemeyer Place LP bought a new position in USA Rare Earth in the fourth quarter valued at about $33,000.

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.