USA Rare Earth (NASDAQ:USAR) Trading 1% Higher – Time to Buy?

USA Rare Earth Inc. (NASDAQ:USAR) rose 1% on Thursday . The stock traded as high as $18.44 and last traded at $18.39. Approximately 19,491,299 shares were traded during trading, a decline of 22% from the average daily volume of 24,856,953 shares. The stock had previously closed at $18.20.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group reaffirmed a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Benchmark initiated coverage on USA Rare Earth in a research note on Wednesday, January 21st. They issued a “buy” rating for the company. Cantor Fitzgerald increased their price target on shares of USA Rare Earth from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Roth Mkm upped their target price on shares of USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Finally, Canaccord Genuity Group lifted their price target 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. Six equities research 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 company currently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

USA Rare Earth Trading Up 1.0%

The firm has a market capitalization of $2.44 billion, a PE ratio of -35.37 and a beta of 0.93. The stock has a 50 day simple moving average of $18.29 and a 200 day simple moving average of $18.17.

Insider Activity

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

Institutional Trading of USA Rare Earth

Several large investors have recently bought and sold shares of USAR. Larson Financial Group LLC lifted its stake in shares of USA Rare Earth by 217.5% in the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after purchasing an additional 1,433 shares during the period. NewEdge Advisors LLC lifted its position in USA Rare Earth by 158.2% during the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after buying an additional 1,424 shares during the period. Center for Financial Planning Inc. bought a new stake in shares of USA Rare Earth during the 4th quarter valued at $28,000. SBI Securities Co. Ltd. increased its stake in shares of USA Rare Earth by 10,448.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock worth $29,000 after acquiring an additional 2,612 shares in the last quarter. Finally, Havemeyer Place LP purchased a new position in USA Rare Earth during the 4th quarter valued at about $33,000.

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.