USA Rare Earth (NASDAQ:USAR) Trading Up 1% – Here’s What Happened

USA Rare Earth Inc. (NASDAQ:USAR)’s share price traded up 1% on Thursday . The stock traded as high as $19.70 and last traded at $19.10. 10,177,103 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 21,911,951 shares. The stock had previously closed at $18.91.

Analyst Upgrades and Downgrades

USAR has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of USA Rare Earth in a research report on Monday, December 29th. Roth Mkm boosted their price objective on USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Benchmark initiated coverage on USA Rare Earth in a research note on Wednesday, January 21st. They set a “buy” rating for the company. Canaccord Genuity Group increased their target price on USA Rare Earth from $23.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Finally, UBS Group reissued a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

USA Rare Earth Stock Performance

The stock has a market capitalization of $2.31 billion, a PE ratio of -33.56 and a beta of 1.05. The stock’s 50 day moving average is $19.34 and its two-hundred day moving average is $18.42.

Insider Buying and Selling

In other news, Director Carolyn Trabuco purchased 1,300 shares of the stock in a transaction dated Thursday, January 29th. The shares were purchased at an average cost of $22.60 per share, with a total value of $29,380.00. Following the completion of the purchase, the director directly owned 1,300 shares of the company’s stock, valued at approximately $29,380. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael Blitzer purchased 100,000 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were purchased at an average price of $21.44 per share, with a total value of $2,144,000.00. Following the completion of the transaction, the director directly owned 847,500 shares of the company’s stock, valued at $18,170,400. This represents a 13.38% increase in their position. The disclosure for this purchase is available in the SEC filing. 46.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in USA Rare Earth during the 4th quarter worth $39,000. Virtu Financial LLC acquired a new stake in shares of USA Rare Earth in the fourth quarter valued at about $832,000. Invesco Ltd. raised its position in shares of USA Rare Earth by 25.2% in the fourth quarter. Invesco Ltd. now owns 67,592 shares of the company’s stock valued at $804,000 after buying an additional 13,598 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of USA Rare Earth by 33.8% in the fourth quarter. XTX Topco Ltd now owns 53,349 shares of the company’s stock worth $635,000 after buying an additional 13,466 shares in the last quarter. Finally, SummitTX Capital L.P. acquired a new position in USA Rare Earth during the fourth quarter worth about $284,000.

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.