USA Rare Earth Inc. $USAR Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its stake in shares of USA Rare Earth Inc. (NASDAQ:USAR) by 1,461,225.0% during the third quarter, Holdings Channel reports. The institutional investor owned 58,453 shares of the company’s stock after acquiring an additional 58,449 shares during the period. Farther Finance Advisors LLC’s holdings in USA Rare Earth were worth $1,005,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in USAR. NewEdge Advisors LLC increased 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 acquiring an additional 1,424 shares during the period. SBI Securities Co. Ltd. increased its position in shares of 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 during the period. Osaic Holdings Inc. bought a new stake in shares of USA Rare Earth in the 2nd quarter worth $38,000. LMR Partners LLP bought a new stake in shares of USA Rare Earth in the 2nd quarter worth $145,000. Finally, Titleist Asset Management LLC acquired a new stake in shares of USA Rare Earth in the first quarter valued at $145,000.

USA Rare Earth Stock Down 7.0%

NASDAQ:USAR opened at $13.51 on Monday. USA Rare Earth Inc. has a 1-year low of $5.56 and a 1-year high of $43.98. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of -25.98 and a beta of 0.92. The stock has a fifty day simple moving average of $16.62 and a 200 day simple moving average of $16.29.

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

Analyst Upgrades and Downgrades

USAR has been the topic of a number of research analyst reports. Canaccord Genuity Group lifted their target price on USA Rare Earth from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Benchmark restated a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Roth Capital set a $40.00 price objective on shares of USA Rare Earth in a research note on Friday, October 10th. UBS Group reiterated a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Finally, William Blair assumed coverage on shares of USA Rare Earth in a research note on Monday, October 20th. They set an “outperform” rating for the company. Six 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 has a consensus rating of “Moderate Buy” and an average target price of $26.33.

USA Rare Earth 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.