USA Rare Earth (NASDAQ:USAR) Stock Price Up 1.1% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR) shares traded up 1.1% during trading on Monday . The company traded as high as $12.52 and last traded at $12.37. 7,684,778 shares were traded during mid-day trading, an increase of 38% from the average session volume of 5,575,770 shares. The stock had previously closed at $12.24.

Analyst Ratings Changes

Several research firms have issued reports on USAR. William Blair began coverage on USA Rare Earth in a report on Monday, October 20th. They set an “outperform” rating on the stock. Wall Street Zen downgraded shares of USA Rare Earth from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Canaccord Genuity Group upped their price target on shares of USA Rare Earth from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, November 7th. Weiss Ratings reissued a “sell (d)” rating on shares of USA Rare Earth in a report on Wednesday, November 19th. Finally, Roth Capital set a $40.00 target price on shares of USA Rare Earth in a research report on Friday, October 10th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.33.

USA Rare Earth Stock Performance

The company has a 50-day moving average of $20.78 and a 200-day moving average of $15.44.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.19).

Institutional Investors Weigh In On USA Rare Earth

A number of institutional investors have recently modified their holdings of USAR. Alyeska Investment Group L.P. lifted its holdings in USA Rare Earth by 44.0% in the third quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock worth $219,034,000 after acquiring an additional 3,909,455 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of USA Rare Earth by 9.9% during the third quarter. Vanguard Group Inc. now owns 953,198 shares of the company’s stock valued at $16,385,000 after purchasing an additional 86,134 shares during the last quarter. Altfest L J & Co. Inc. acquired a new stake in shares of USA Rare Earth during the 3rd quarter worth approximately $13,554,000. Newtyn Management LLC bought a new stake in shares of USA Rare Earth in the 1st quarter worth approximately $4,114,000. Finally, Geode Capital Management LLC boosted its position in USA Rare Earth by 2,437.5% during the 2nd quarter. Geode Capital Management LLC now owns 653,290 shares of the company’s stock valued at $7,160,000 after purchasing an additional 627,545 shares during the period.

About USA Rare Earth

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.