USA Rare Earth Inc. (NASDAQ:USAR) Receives Average Recommendation of “Moderate Buy” from Brokerages

USA Rare Earth Inc. (NASDAQ:USAR) has been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and nine have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $36.8333.

A number of equities research analysts have weighed in on USAR shares. Benchmark reaffirmed a “buy” rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Canaccord Genuity Group lifted their target price on USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Needham & Company LLC started coverage on USA Rare Earth in a research note on Monday, June 1st. They issued a “buy” rating and a $39.00 price objective on the stock. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 price objective on shares of USA Rare Earth in a research note on Thursday, June 4th.

Insider Activity

In other news, Director Carolyn Trabuco sold 13,000 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $22.77, for a total value of $296,010.00. Following the transaction, the director directly owned 18,783 shares of the company’s stock, valued at $427,688.91. The trade was a 40.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.10% of the stock is owned by corporate insiders.

Institutional Trading of USA Rare Earth

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new stake in USA Rare Earth during the 3rd quarter worth approximately $8,304,000. Jennison Associates LLC purchased a new position in USA Rare Earth in the fourth quarter valued at approximately $1,586,000. JPMorgan Chase & Co. purchased a new position in USA Rare Earth in the third quarter valued at approximately $734,000. Sovran Advisors LLC lifted its stake in USA Rare Earth by 119.7% in the fourth quarter. Sovran Advisors LLC now owns 489,707 shares of the company’s stock valued at $5,828,000 after purchasing an additional 266,783 shares during the last quarter. Finally, Kercheville Advisors LLC lifted its stake in USA Rare Earth by 272.0% in the fourth quarter. Kercheville Advisors LLC now owns 37,200 shares of the company’s stock valued at $443,000 after purchasing an additional 27,200 shares during the last quarter.

USA Rare Earth Stock Performance

Shares of USAR stock opened at $20.47 on Friday. The stock’s fifty day moving average price is $24.13 and its two-hundred day moving average price is $20.16. The company has a market cap of $4.57 billion, a PE ratio of -5.22 and a beta of 2.33. USA Rare Earth has a fifty-two week low of $9.32 and a fifty-two week high of $43.98.

USA Rare Earth (NASDAQ:USAR) last issued its earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The business had revenue of $5.70 million during the quarter. On average, equities analysts predict that USA Rare Earth will post -0.35 EPS for the current fiscal year.

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.