Analysts Set USA Rare Earth Inc. (NASDAQ:USAR) PT at $34.33

USA Rare Earth Inc. (NASDAQ:USAR) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $34.3333.

A number of equities analysts have issued reports on USAR shares. UBS Group reiterated a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Benchmark began coverage on shares of USA Rare Earth in a research note on Wednesday, January 21st. They issued a “buy” rating for the company. Canaccord Genuity Group lifted their price target on shares of USA Rare Earth from $23.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Roth Mkm boosted their price objective on shares of USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Cantor Fitzgerald raised their target price on shares of USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, January 30th.

USA Rare Earth Price Performance

Shares of USAR opened at $20.39 on Friday. USA Rare Earth has a one year low of $5.56 and a one year high of $43.98. The firm has a market capitalization of $2.70 billion, a PE ratio of -39.21 and a beta of 0.93. The company has a 50-day simple moving average of $18.47 and a two-hundred day simple moving average of $18.31.

Insider Activity at USA Rare Earth

In related news, Director Michael Blitzer acquired 100,000 shares of USA Rare Earth stock in a transaction that occurred on Thursday, January 29th. The stock was bought at an average price of $21.44 per share, with a total value of $2,144,000.00. Following the transaction, the director directly owned 847,500 shares in the company, valued at approximately $18,170,400. This represents a 13.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Carolyn Trabuco acquired 1,300 shares of the stock in a transaction on Thursday, January 29th. The shares were bought at an average price of $22.60 per share, with a total value of $29,380.00. Following the purchase, the director directly owned 1,300 shares of the company’s stock, valued at $29,380. The trade was a ∞ increase in their position. 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

A number of institutional investors and hedge funds 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 fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after buying an additional 1,433 shares in the last quarter. NewEdge Advisors LLC raised its holdings in USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after acquiring an additional 1,424 shares during the last quarter. Center for Financial Planning Inc. purchased a new position in USA Rare Earth in the 4th quarter worth approximately $28,000. SBI Securities Co. Ltd. boosted its stake in USA Rare Earth by 10,448.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock valued at $29,000 after purchasing an additional 2,612 shares during the last quarter. Finally, Havemeyer Place LP bought a new stake in shares of USA Rare Earth in the 4th quarter worth $33,000.

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.