99,844 Shares in USA Rare Earth Inc. $USAR Bought by PFG Investments LLC

PFG Investments LLC purchased a new stake in shares of USA Rare Earth Inc. (NASDAQ:USAR) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 99,844 shares of the company’s stock, valued at approximately $1,511,000.

Other large investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of USA Rare Earth in the 2nd quarter worth about $223,000. Lighthouse Investment Partners LLC bought a new stake in shares of USA Rare Earth during the 2nd quarter valued at about $329,000. Bank of America Corp DE boosted its stake in shares of USA Rare Earth by 465.7% during the 2nd quarter. Bank of America Corp DE now owns 242,726 shares of the company’s stock valued at $2,659,000 after purchasing an additional 199,819 shares in the last quarter. Finally, LMR Partners LLP purchased a new position in shares of USA Rare Earth during the second quarter valued at about $145,000.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen raised USA Rare Earth from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Benchmark reissued a “buy” rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Canaccord Genuity Group raised their target price on 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 USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $40.00 price target on shares of USA Rare Earth in a research report on Thursday, June 4th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.83.

Insider Activity at USA Rare Earth

In other news, Director Carolyn Trabuco sold 13,000 shares of the firm’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 owned 18,783 shares of the company’s stock, valued at $427,688.91. This trade represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.10% of the stock is owned by company insiders.

USA Rare Earth Price Performance

Shares of NASDAQ USAR opened at $19.15 on Monday. The firm’s 50-day moving average price is $23.96 and its 200-day moving average price is $20.29. The company has a market cap of $4.27 billion, a PE ratio of -4.89 and a beta of 2.45. USA Rare Earth Inc. has a 52-week low of $9.32 and a 52-week high of $43.98.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $5.70 million during the quarter. As a group, equities research analysts anticipate that USA Rare Earth Inc. will post -0.35 EPS for the current fiscal year.

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.