Texas Yale Capital Corp. Acquires New Holdings in USA Rare Earth Inc. $USAR

Texas Yale Capital Corp. acquired a new stake in USA Rare Earth Inc. (NASDAQ:USAR) during the fourth quarter, Holdings Channel.com reports. The firm acquired 241,800 shares of the company’s stock, valued at approximately $2,877,000.

A number of other institutional investors have also made changes to their positions in USAR. NewEdge Advisors LLC raised its stake in shares of USA Rare Earth by 158.2% in the 2nd 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. bought a new position in shares of USA Rare Earth in the 2nd quarter valued at approximately $223,000. Lighthouse Investment Partners LLC bought a new position in shares of USA Rare Earth in the 2nd quarter valued at approximately $329,000. Bank of America Corp DE raised its stake in shares of USA Rare Earth by 465.7% in the 2nd quarter. Bank of America Corp DE now owns 242,726 shares of the company’s stock valued at $2,659,000 after acquiring an additional 199,819 shares in the last quarter. Finally, LMR Partners LLP bought a new position in shares of USA Rare Earth in the 2nd quarter valued at approximately $145,000.

Analyst Ratings Changes

USAR has been the topic of several recent analyst reports. Canaccord Genuity Group lifted their price target on USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Roth Mkm set a $30.00 price target on USA Rare Earth in a research report on Monday, April 20th. Wall Street Zen raised USA Rare Earth from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Northland Securities initiated coverage on USA Rare Earth in a research report on Thursday, April 23rd. They issued an “outperform” rating and a $45.00 price target on the stock. Finally, Wedbush lifted their price target on USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.40.

USA Rare Earth Price Performance

Shares of NASDAQ USAR opened at $28.01 on Monday. The business’s 50 day moving average is $21.15 and its two-hundred day moving average is $18.87. The company has a market cap of $6.25 billion, a P/E ratio of -7.15 and a beta of 2.33. USA Rare Earth Inc. has a 12 month low of $8.00 and a 12 month high of $43.98.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.04. The business had revenue of $5.70 million during the quarter. Sell-side analysts expect that USA Rare Earth Inc. will post -0.33 earnings per share for the current fiscal year.

USA Rare Earth 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.