USA Rare Earth Inc. (NASDAQ:USAR) Receives Average Recommendation of “Moderate Buy” from Brokerages

USA Rare Earth Inc. (NASDAQ:USAR) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $35.8333.

Several research analysts have commented on USAR shares. Weiss Ratings lowered shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research note on Wednesday, June 3rd. Wall Street Zen raised shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Needham & Company LLC reduced their price objective on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Finally, Roth Capital reduced their price target on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, July 21st.

USA Rare Earth Stock Performance

NASDAQ:USAR opened at $19.26 on Friday. The firm has a market cap of $4.30 billion, a PE ratio of -7.93 and a beta of 2.55. USA Rare Earth has a fifty-two week low of $11.45 and a fifty-two week high of $43.98. The business has a 50 day moving average price of $18.54 and a 200-day moving average price of $20.23.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The company had revenue of $5.82 million for the quarter. Research analysts predict that USA Rare Earth will post -0.62 EPS for the current year.

Insider Activity

In other news, Director Carolyn Trabuco sold 13,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $22.77, for a total transaction of $296,010.00. Following the sale, the director owned 18,783 shares in the company, valued at $427,688.91. This represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On USA Rare Earth

Hedge funds have recently bought and sold shares of the business. Continuum Advisory LLC bought a new stake in shares of USA Rare Earth in the second quarter worth approximately $50,000. Nykredit A S bought a new position in USA Rare Earth during the second quarter valued at approximately $115,000. First PREMIER Bank lifted its position in USA Rare Earth by 100.0% during the second quarter. First PREMIER Bank now owns 2,000 shares of the company’s stock valued at $43,000 after purchasing an additional 1,000 shares during the period. Benjamin Edwards Inc. purchased a new stake in USA Rare Earth in the second quarter worth approximately $949,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in USA Rare Earth by 25.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,669 shares of the company’s stock worth $187,000 after purchasing an additional 1,740 shares during the last quarter.

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.