USA Rare Earth Inc. (NASDAQ:USAR) Receives $34.33 Consensus PT from Brokerages

USA Rare Earth Inc. (NASDAQ:USAR) has earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $34.3333.

Several brokerages recently issued reports on USAR. Canaccord Genuity Group boosted their target price 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. UBS Group reiterated a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Roth Mkm lifted their price target 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. Cantor Fitzgerald boosted their price objective on shares of USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, Benchmark began coverage on USA Rare Earth in a research note on Wednesday, January 21st. They issued a “buy” rating for the company.

USA Rare Earth Stock Down 8.8%

NASDAQ USAR opened at $16.24 on Thursday. The company has a 50-day moving average price of $20.21 and a 200-day moving average price of $18.72. USA Rare Earth has a 52 week low of $5.56 and a 52 week high of $43.98. The firm has a market capitalization of $2.15 billion, a P/E ratio of -31.23 and a beta of 1.05.

Insider Activity

In related news, Director Michael Blitzer acquired 100,000 shares of the stock in a transaction dated Thursday, January 29th. The shares were purchased at an average cost 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Carolyn Trabuco acquired 1,300 shares of the business’s stock in a transaction that occurred 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 completion of the purchase, the director owned 1,300 shares in the company, valued at $29,380. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 46.60% of the company’s stock.

Hedge Funds Weigh In On USA Rare Earth

Several large investors have recently added to or reduced their stakes in the company. Calamos Advisors LLC purchased a new position in shares of USA Rare Earth during the 3rd quarter valued at $3,283,000. Farther Finance Advisors LLC increased its stake in USA Rare Earth by 1,461,225.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 58,453 shares of the company’s stock worth $1,005,000 after buying an additional 58,449 shares in the last quarter. Guild Investment Management Inc. purchased a new stake in USA Rare Earth in the 3rd quarter worth $1,080,000. Altfest L J & Co. Inc. bought a new stake in USA Rare Earth during the third quarter valued at about $13,554,000. Finally, Sovran Advisors LLC purchased a new position in shares of USA Rare Earth in the third quarter valued at about $3,832,000.

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.