USA Rare Earth Inc. $USAR Shares Bought by Leonteq Securities AG

Leonteq Securities AG boosted its holdings in shares of USA Rare Earth Inc. (NASDAQ:USAR) by 466.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,501 shares of the company’s stock after acquiring an additional 33,346 shares during the period. Leonteq Securities AG’s holdings in USA Rare Earth were worth $613,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its stake in shares of USA Rare Earth by 29.1% in the 1st quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock valued at $56,000 after buying an additional 829 shares during the period. Pier 88 Investment Partners LLC grew its position in USA Rare Earth by 2.5% in the 4th quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock valued at $413,000 after acquiring an additional 840 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of USA Rare Earth by 20.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock valued at $66,000 after purchasing an additional 936 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of USA Rare Earth by 2.0% in the third quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock worth $900,000 after acquiring an additional 1,032 shares in the last quarter. Finally, National Bank of Canada FI increased its holdings in USA Rare Earth by 110.0% during 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 period.

Insider Transactions at USA Rare Earth

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were 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 in the company, valued at approximately $427,688.91. This represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings raised shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Roth Mkm reaffirmed a “buy” rating on shares of USA Rare Earth in a research report on Thursday, June 4th. Wall Street Zen raised shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Needham & Company LLC assumed coverage on USA Rare Earth in a research note on Monday, June 1st. They set a “buy” rating and a $39.00 price target for the company. Finally, Wedbush increased their price target on shares of USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, USA Rare Earth has a consensus rating of “Moderate Buy” and an average target price of $36.83.

USA Rare Earth Price Performance

NASDAQ:USAR opened at $19.15 on Friday. The company has a market capitalization of $4.27 billion, a PE ratio of -4.89 and a beta of 2.45. The stock has a fifty day simple moving average of $23.96 and a 200-day simple moving average of $20.25. 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) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.04. The business had revenue of $5.70 million during the quarter. As a group, equities analysts anticipate that USA Rare Earth Inc. will post -0.35 earnings per share for the current 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.