USA Rare Earth (NASDAQ:USAR) Upgraded at Texas Capital

Texas Capital upgraded shares of USA Rare Earth (NASDAQ:USAR) to a strong-buy rating in a research note published on Tuesday morning,Zacks reports.

Other equities research analysts also recently issued reports about the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of USA Rare Earth in a research note on Tuesday, August 11th. Jefferies Financial Group assumed coverage on shares of USA Rare Earth in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $21.00 price objective on the stock. Weiss Ratings cut shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Needham & Company LLC lowered their target price on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Finally, Roth Capital dropped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, USA Rare Earth currently has an average rating of “Moderate Buy” and an average target price of $33.71.

USA Rare Earth Trading Down 5.9%

Shares of NASDAQ:USAR opened at $9.63 on Tuesday. The stock has a market capitalization of $2.36 billion, a P/E ratio of -3.96 and a beta of 2.66. USA Rare Earth has a 1-year low of $9.41 and a 1-year high of $32.80. The business has a 50-day moving average price of $15.33 and a two-hundred day moving average price of $18.96.

USA Rare Earth (NASDAQ:USAR) last issued its earnings results on Monday, August 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $5.82 million for the quarter. As a group, equities analysts predict that USA Rare Earth will post -0.62 EPS for the current year.

Hedge Funds Weigh In On USA Rare Earth

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Carlson Financial Inc. grew its position in shares of USA Rare Earth by 5.7% during the 2nd quarter. Carlson Financial Inc. now owns 11,780 shares of the company’s stock worth $254,000 after buying an additional 635 shares during the period. Sterling Capital Management LLC raised its position in shares of USA Rare Earth by 29.1% in the 1st quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock valued at $56,000 after acquiring an additional 829 shares during the period. First PREMIER Bank raised its position in shares of USA Rare Earth by 100.0% in the 2nd quarter. First PREMIER Bank now owns 2,000 shares of the company’s stock valued at $43,000 after acquiring an additional 1,000 shares during the period. State of Wyoming raised its position in shares of USA Rare Earth by 100.4% in the 1st quarter. State of Wyoming now owns 2,509 shares of the company’s stock valued at $38,000 after acquiring an additional 1,257 shares during the period. Finally, Ameritas Advisory Services LLC boosted its stake in USA Rare Earth by 276.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 1,987 shares of the company’s stock worth $43,000 after acquiring an additional 1,459 shares during the last quarter.

USA Rare Earth Company Profile

USA Rare Earth, Inc (NASDAQ:USAR) is developing an integrated domestic supply chain for rare earth and other critical minerals. The company’s activities include the exploration and planned extraction of mineral resources, processing and separation of rare earth elements, and the production of sintered neodymium-iron-boron (NdFeB) permanent magnets used in electric vehicles, wind turbines, defense systems, electronics and other advanced technologies.

The company’s flagship asset is the Round Top Mountain project in Hudspeth County, Texas.