USA Rare Earth (NASDAQ:USAR) Stock Rating Upgraded by Needham & Company LLC

USA Rare Earth (NASDAQ:USAR) was upgraded by analysts at Needham & Company LLC to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Cantor Fitzgerald raised their price objective on USA Rare Earth from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, May 14th. Wedbush raised their price objective on USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Weiss Ratings raised USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Northland Securities started coverage on USA Rare Earth in a research report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price objective for the company. Finally, Roth Mkm set a $30.00 price objective on USA Rare Earth in a research report on Monday, April 20th. Nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.00.

USA Rare Earth Stock Down 8.9%

USAR stock opened at $27.98 on Monday. USA Rare Earth has a twelve month low of $9.01 and a twelve month high of $43.98. The firm has a market cap of $6.24 billion, a PE ratio of -7.14 and a beta of 2.33. The business has a 50 day moving average of $21.88 and a 200 day moving average of $19.15.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The company had revenue of $5.70 million for the quarter. On average, research analysts expect that USA Rare Earth will post -0.33 earnings per share for the current fiscal year.

Institutional Trading of USA Rare Earth

A number of institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC increased its holdings in shares of USA Rare Earth by 32.2% in the 1st quarter. Janus Henderson Group PLC now owns 34,456 shares of the company’s stock worth $521,000 after purchasing an additional 8,387 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of USA Rare Earth by 150.9% in the 1st quarter. California State Teachers Retirement System now owns 116,048 shares of the company’s stock worth $1,756,000 after purchasing an additional 69,787 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of USA Rare Earth by 46.5% in the 1st quarter. Royal Bank of Canada now owns 98,399 shares of the company’s stock worth $1,489,000 after purchasing an additional 31,245 shares in the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of USA Rare Earth in the 1st quarter worth $7,038,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of USA Rare Earth by 106.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 97,802 shares of the company’s stock worth $1,480,000 after purchasing an additional 50,409 shares in the last quarter.

Key Stories 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.