USA Rare Earth Inc. (NASDAQ:USAR) Receives Consensus Rating of “Moderate Buy” from Analysts

USA Rare Earth Inc. (NASDAQ:USAR) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $26.00.

A number of equities analysts have weighed in on USAR shares. Canaccord Genuity Group boosted their target price on shares of USA Rare Earth from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, September 30th. William Blair started coverage on shares of USA Rare Earth in a research note on Monday. They issued an “outperform” rating for the company. Cantor Fitzgerald started coverage on shares of USA Rare Earth in a research note on Friday, August 1st. They issued an “overweight” rating and a $16.00 target price for the company. Wall Street Zen downgraded shares of USA Rare Earth from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of USA Rare Earth in a research note on Friday.

USA Rare Earth Stock Performance

NASDAQ:USAR opened at $23.57 on Monday. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of -87.30 and a beta of 0.75. USA Rare Earth has a 12 month low of $5.56 and a 12 month high of $43.98. The company has a 50-day moving average price of $20.02.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings results on Monday, August 11th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.05.

Insider Buying and Selling at USA Rare Earth

In related news, Director Michael Blitzer sold 2,091,849 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $15.75, for a total transaction of $32,946,621.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 46.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On USA Rare Earth

Institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC raised its stake in shares of USA Rare Earth by 158.2% during the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after buying an additional 1,424 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in shares of USA Rare Earth by 10,448.0% during the second quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock worth $29,000 after buying an additional 2,612 shares during the last quarter. Osaic Holdings Inc. bought a new stake in shares of USA Rare Earth during the second quarter worth approximately $38,000. KLP Kapitalforvaltning AS bought a new stake in shares of USA Rare Earth during the third quarter worth approximately $69,000. Finally, Kercheville Advisors LLC bought a new stake in shares of USA Rare Earth during the third quarter worth approximately $172,000.

About USA Rare Earth

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.