152,500 Shares in USA Rare Earth Inc. $USAR Acquired by SIR Capital Management L.P.

SIR Capital Management L.P. acquired a new position in USA Rare Earth Inc. (NASDAQ:USAR) in the fourth quarter, Holdings Channel reports. The firm acquired 152,500 shares of the company’s stock, valued at approximately $1,815,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake 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 purchasing an additional 1,433 shares during the period. National Bank of Canada FI boosted its stake in USA Rare Earth by 110.0% in the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after purchasing an additional 1,100 shares during the period. NewEdge Advisors LLC boosted 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 purchasing an additional 1,424 shares during the period. Center for Financial Planning Inc. acquired a new position in USA Rare Earth in the 4th quarter worth approximately $28,000. Finally, Havemeyer Place LP acquired a new position in USA Rare Earth in the 4th quarter worth approximately $33,000.

Analysts Set New Price Targets

A number of equities analysts recently commented on USAR shares. Roth Mkm reaffirmed a “buy” rating on shares of USA Rare Earth in a research note on Thursday, June 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $40.00 price objective on shares of USA Rare Earth in a research note on Thursday, June 4th. Wedbush increased their target price on shares of USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Northland Securities began coverage on shares of USA Rare Earth in a research report on Thursday, April 23rd. They issued an “outperform” rating and a $45.00 target price for the company. Finally, Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.83.

USA Rare Earth Trading Down 2.5%

USA Rare Earth stock opened at $21.99 on Friday. The company has a market capitalization of $4.90 billion, a P/E ratio of -5.61 and a beta of 2.33. The firm’s fifty day simple moving average is $22.86 and its 200-day simple moving average is $19.53. USA Rare Earth Inc. has a 1-year low of $9.32 and a 1-year high of $43.98.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The business had revenue of $5.70 million for the quarter. On average, equities research analysts predict that USA Rare Earth Inc. will post -0.35 earnings per share for the current year.

Insider Buying and Selling at USA Rare Earth

In other news, Director Carolyn Trabuco sold 13,000 shares of the firm’s stock in a transaction 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 transaction, the director owned 18,783 shares in the company, valued at approximately $427,688.91. This trade represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.10% of the company’s stock.

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.