USA Rare Earth Inc. $USAR Stake Boosted by Sovran Advisors LLC

Sovran Advisors LLC lifted its stake in USA Rare Earth Inc. (NASDAQ:USAR) by 119.7% during the fourth quarter, HoldingsChannel reports. The fund owned 489,707 shares of the company’s stock after purchasing an additional 266,783 shares during the quarter. Sovran Advisors LLC’s holdings in USA Rare Earth were worth $5,828,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of USAR. Advisory Services Network LLC grew its stake in USA Rare Earth by 2.0% in the third quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock valued at $900,000 after purchasing an additional 1,032 shares in the last quarter. National Bank of Canada FI increased its position in USA Rare Earth by 110.0% in the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after purchasing an additional 1,100 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after purchasing an additional 1,424 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of USA Rare Earth by 73.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,586 shares of the company’s stock worth $79,000 after purchasing an additional 1,949 shares in the last quarter. Finally, Osaic Holdings Inc. acquired a new stake in shares of USA Rare Earth during the 2nd quarter valued at about $38,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on USAR shares. Benchmark assumed coverage on USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating on the stock. Roth Mkm lifted their target price on shares of USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of USA Rare Earth in a research report on Friday, March 27th. UBS Group restated a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Finally, Canaccord Genuity Group cut their price target on shares of USA Rare Earth from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

USA Rare Earth Stock Performance

Shares of NASDAQ USAR opened at $15.92 on Friday. The business’s 50-day simple moving average is $19.55 and its 200-day simple moving average is $18.84. USA Rare Earth Inc. has a 52 week low of $6.31 and a 52 week high of $43.98. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of -5.31 and a beta of 1.34.

USA Rare Earth (NASDAQ:USAR) last posted its earnings results on Monday, March 30th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.07). The company had revenue of $1.64 million during the quarter.

Insider Buying and Selling

In other news, Director Carolyn Trabuco acquired 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The stock was acquired at an average cost of $22.60 per share, with a total value of $29,380.00. Following the acquisition, the director owned 1,300 shares in the company, valued at approximately $29,380. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Blitzer bought 100,000 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average price of $21.44 per share, for a total transaction of $2,144,000.00. Following the completion of the purchase, the director directly owned 847,500 shares in the company, valued at $18,170,400. The trade was a 13.38% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 46.60% of the company’s stock.

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.