Darwin Wealth Management LLC Acquires Shares of 40,321 USA Rare Earth Inc. $USAR

Darwin Wealth Management LLC bought a new position in USA Rare Earth Inc. (NASDAQ:USAR) in the third quarter, Holdings Channel reports. The firm bought 40,321 shares of the company’s stock, valued at approximately $693,000.

Several other hedge funds have also recently made changes to their positions in USAR. Titleist Asset Management LLC purchased a new position in shares of USA Rare Earth during the 1st quarter valued at $145,000. Newtyn Management LLC purchased a new stake in USA Rare Earth during the first quarter valued at about $4,114,000. International Assets Investment Management LLC bought a new position in USA Rare Earth during the second quarter worth about $250,000. MMCAP International Inc. SPC purchased a new position in shares of USA Rare Earth in the second quarter worth about $261,000. Finally, Pier 88 Investment Partners LLC bought a new stake in shares of USA Rare Earth in the second quarter valued at approximately $588,000.

Analyst Ratings Changes

A number of analysts recently commented on USAR shares. Benchmark restated a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. William Blair started coverage on USA Rare Earth in a research report on Monday, October 20th. They set an “outperform” rating on the stock. UBS Group reaffirmed a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of USA Rare Earth in a research report on Monday. Finally, Roth Capital set a $40.00 price objective on USA Rare Earth in a research note on Friday, October 10th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.33.

USA Rare Earth Price Performance

NASDAQ USAR opened at $13.51 on Friday. USA Rare Earth Inc. has a 1 year low of $5.56 and a 1 year high of $43.98. The stock has a market capitalization of $1.79 billion, a PE ratio of -25.98 and a beta of 0.91. The company’s 50 day simple moving average is $16.62 and its two-hundred day simple moving average is $16.23.

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

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.