Axxcess Wealth Management LLC Acquires Shares of 28,647 USA Rare Earth Inc. $USAR

Axxcess Wealth Management LLC acquired a new stake in USA Rare Earth Inc. (NASDAQ:USAR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 28,647 shares of the company’s stock, valued at approximately $341,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in USA Rare Earth by 217.5% in the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after acquiring an additional 1,433 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of 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 valued at $36,000 after purchasing an additional 1,100 shares during the last quarter. 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. Center for Financial Planning Inc. bought a new position in shares of USA Rare Earth in the 4th quarter valued at about $28,000. Finally, Osaic Holdings Inc. bought a new position in shares of USA Rare Earth in the 2nd quarter valued at about $38,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Canaccord Genuity Group raised their target price on shares of USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Wedbush raised their target price on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Weiss Ratings raised shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. Cantor Fitzgerald lifted their price objective on shares of USA Rare Earth from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note 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 research note on Saturday, May 16th. Eight equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.40.

USA Rare Earth Stock Down 3.7%

NASDAQ USAR opened at $26.70 on Thursday. USA Rare Earth Inc. has a 12-month low of $8.00 and a 12-month high of $43.98. The company has a market capitalization of $5.96 billion, a PE ratio of -6.81 and a beta of 2.38. The firm’s 50 day moving average is $20.79 and its 200-day moving average is $18.72.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings data 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 during the quarter. As a group, sell-side analysts expect that USA Rare Earth Inc. will post -0.33 EPS for the current year.

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.