PFG Investments LLC Makes New Investment in USA Rare Earth Inc. $USAR

PFG Investments LLC acquired a new position in USA Rare Earth Inc. (NASDAQ:USAR) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 99,844 shares of the company’s stock, valued at approximately $1,511,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC boosted its holdings in USA Rare Earth by 217.5% in the 4th 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 during the period. NewEdge Advisors LLC increased its stake 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 buying an additional 1,424 shares in the last quarter. Center for Financial Planning Inc. bought a new stake in USA Rare Earth during the fourth quarter valued at about $28,000. Havemeyer Place LP bought a new stake in USA Rare Earth during the fourth quarter valued at about $33,000. Finally, National Bank of Canada FI raised its holdings 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 valued at $36,000 after acquiring an additional 1,100 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on USAR. Roth Mkm reaffirmed a “buy” rating on shares of USA Rare Earth in a research note on Thursday, June 4th. Wall Street Zen upgraded USA Rare Earth from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 target price on shares of USA Rare Earth in a research note on Thursday, June 4th. Wedbush boosted their price target on USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Finally, Needham & Company LLC initiated coverage on USA Rare Earth in a research note on Monday, June 1st. They issued a “buy” rating and a $39.00 price target for the company. Nine 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.83.

USA Rare Earth Stock Performance

Shares of USAR opened at $19.15 on Monday. The stock has a market capitalization of $4.27 billion, a PE ratio of -4.89 and a beta of 2.45. The company’s fifty day moving average is $23.96 and its 200 day moving average is $20.29. USA Rare Earth Inc. has a fifty-two week low of $9.32 and a fifty-two week high of $43.98.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.04. The company had revenue of $5.70 million for the quarter. As a group, research analysts forecast that USA Rare Earth Inc. will post -0.35 earnings per share for the current year.

Insider Activity

In related news, Director Carolyn Trabuco sold 13,000 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $22.77, for a total transaction of $296,010.00. Following the completion of the transaction, the director owned 18,783 shares in the company, valued at $427,688.91. The trade was a 40.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.10% of the stock is owned by company insiders.

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.