USA Rare Earth (NASDAQ:USAR) Upgraded at Needham & Company LLC

Needham & Company LLC upgraded shares of USA Rare Earth (NASDAQ:USAR) to a moderate buy rating in a research note released on Monday morning,Zacks.com reports.

A number of other research firms have also recently issued reports on USAR. Wall Street Zen upgraded shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Cantor Fitzgerald lifted their target price on USA Rare Earth from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Benchmark reissued a “buy” rating on shares of USA Rare Earth in a research report on Wednesday. Wedbush lifted their target price 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. Finally, Canaccord Genuity Group lifted their target price 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. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

USA Rare Earth Price Performance

USAR stock opened at $27.98 on Monday. USA Rare Earth has a 52-week low of $9.01 and a 52-week high of $43.98. The company has a 50-day moving average of $21.88 and a two-hundred day moving average of $19.15. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of -7.14 and a beta of 2.33.

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, beating analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $5.70 million for the quarter. Equities analysts expect that USA Rare Earth will post -0.33 EPS for the current fiscal year.

Institutional Investors Weigh In On USA Rare Earth

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

Key Headlines Impacting USA Rare Earth

Here are the key news stories impacting USA Rare Earth this week:

• Positive Sentiment: USA Rare Earth secured definitive agreements with the Commerce Department, unlocking up to $1.6 billion in CHIPS Act funding to accelerate its vertically integrated U.S. rare earth supply chain. Reuters article
• Positive Sentiment: The funding package strengthens USA Rare Earth’s balance sheet and supports expansion plans, including a new South Carolina facility that could significantly boost domestic magnet and rare earth metals production. GlobeNewswire article
• Neutral Sentiment: The company selected Cherokee County, South Carolina, for a new $1.2 billion manufacturing hub expected to create about 490 jobs and expand capacity, reinforcing the growth story but also implying heavy capital spending ahead. Reuters article
• Neutral Sentiment: Some reports noted a pullback after recent gains, suggesting the stock may be pausing as traders digest the size of the funding package and the execution risks tied to the expansion. Yahoo Finance article

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.