Mutual Advisors LLC Takes $784,000 Position in USA Rare Earth Inc. $USAR

Mutual Advisors LLC acquired a new position in USA Rare Earth Inc. (NASDAQ:USAR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 45,618 shares of the company’s stock, valued at approximately $784,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in shares of USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after purchasing an additional 1,424 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of USA Rare Earth by 10,448.0% during the second quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock worth $29,000 after buying an additional 2,612 shares during the last quarter. Osaic Holdings Inc. acquired a new position in USA Rare Earth in the second quarter valued at approximately $38,000. KLP Kapitalforvaltning AS bought a new position in USA Rare Earth in the third quarter valued at approximately $69,000. Finally, Titleist Asset Management LLC grew its holdings in USA Rare Earth by 20.2% during the 2nd quarter. Titleist Asset Management LLC now owns 29,380 shares of the company’s stock worth $322,000 after acquiring an additional 4,930 shares during the period.

Analyst Ratings Changes

USAR has been the topic of a number of analyst reports. William Blair assumed coverage on USA Rare Earth in a research note on Monday, October 20th. They issued an “outperform” rating on the stock. Cantor Fitzgerald upped their price objective on USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Roth Mkm raised their target price on USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of USA Rare Earth in a research note on Monday, December 29th. Finally, Canaccord Genuity Group increased their price target on shares of USA Rare Earth from $23.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.33.

USA Rare Earth Trading Down 12.5%

NASDAQ:USAR opened at $20.60 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 50-day moving average price of $17.40 and a two-hundred day moving average price of $17.63. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of -39.62 and a beta of 0.93.

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

Insider Buying and Selling

In related news, Director Carolyn Trabuco bought 1,300 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were purchased at an average cost of $22.60 per share, for a total transaction of $29,380.00. Following the acquisition, the director owned 1,300 shares of the company’s stock, valued at approximately $29,380. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Blitzer purchased 100,000 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was bought at an average cost of $21.44 per share, for a total transaction of $2,144,000.00. Following the purchase, the director owned 847,500 shares of the company’s stock, valued at approximately $18,170,400. This represents a 13.38% increase in their position. The disclosure for this purchase is available in the SEC filing. 46.60% of the stock is currently owned by corporate insiders.

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.