USA Rare Earth (NASDAQ:USAR) Trading Up 6.1% – Here’s What Happened

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price rose 6.1% during trading on Tuesday . The stock traded as high as $19.47 and last traded at $19.41. 13,412,109 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 16,610,254 shares. The stock had previously closed at $18.29.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on USAR shares. Cantor Fitzgerald reissued an “overweight” rating on shares of USA Rare Earth in a research report on Tuesday, August 11th. Benchmark reaffirmed a “buy” rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Wall Street Zen upgraded 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 lowered their price target on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Finally, Roth Capital cut their price objective on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Nine research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.83.

USA Rare Earth Stock Performance

The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of -7.99 and a beta of 2.55. The business has a fifty day simple moving average of $18.45 and a 200 day simple moving average of $20.16.

USA Rare Earth (NASDAQ:USAR) last posted its earnings results on Monday, August 10th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $5.82 million during the quarter. On average, sell-side analysts forecast that USA Rare Earth Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of USA Rare Earth stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $22.77, for a total value of $296,010.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Carlson Financial Inc. raised its position in shares of USA Rare Earth by 5.7% in the second quarter. Carlson Financial Inc. now owns 11,780 shares of the company’s stock valued at $254,000 after buying an additional 635 shares in the last quarter. Sterling Capital Management LLC grew its position in USA Rare Earth by 29.1% during the first quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock worth $56,000 after buying an additional 829 shares in the last quarter. Pier 88 Investment Partners LLC grew its position in USA Rare Earth by 2.5% during the fourth quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock worth $413,000 after buying an additional 840 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in USA Rare Earth by 20.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock worth $66,000 after acquiring an additional 936 shares during the period. Finally, First PREMIER Bank increased its stake in USA Rare Earth by 100.0% during the 2nd quarter. First PREMIER Bank now owns 2,000 shares of the company’s stock worth $43,000 after acquiring an additional 1,000 shares during the period.

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.