Leonteq Securities AG Increases Stake in USA Rare Earth Inc. $USAR

Leonteq Securities AG raised its stake in USA Rare Earth Inc. (NASDAQ:USAR) by 466.1% during the first quarter, Holdings Channel reports. The firm owned 40,501 shares of the company’s stock after purchasing an additional 33,346 shares during the period. Leonteq Securities AG’s holdings in USA Rare Earth were worth $613,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of USAR. Larson Financial Group LLC lifted its position in USA Rare Earth by 217.5% during the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after buying an additional 1,433 shares in the last quarter. NewEdge Advisors LLC boosted its position in USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after buying an additional 1,424 shares during the last quarter. Center for Financial Planning Inc. purchased a new position in USA Rare Earth in the fourth quarter valued at about $28,000. Havemeyer Place LP acquired a new stake in shares of USA Rare Earth during the fourth quarter worth approximately $33,000. Finally, National Bank of Canada FI grew its holdings in USA Rare Earth by 110.0% during the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after acquiring an additional 1,100 shares in the last quarter.

Insiders Place Their Bets

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of USA Rare Earth 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 transaction, the director directly owned 18,783 shares in the company, valued at approximately $427,688.91. The trade was a 40.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.10% of the company’s stock.

USA Rare Earth Price Performance

Shares of USAR opened at $19.15 on Friday. USA Rare Earth Inc. has a one year low of $9.32 and a one year high of $43.98. The company has a 50-day moving average of $23.96 and a two-hundred day moving average of $20.25. The stock has a market cap of $4.27 billion, a price-to-earnings ratio of -4.89 and a beta of 2.45.

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

Analyst Ratings Changes

USAR has been the subject of several research reports. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Canaccord Genuity Group upped their target price on shares of USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Northland Securities initiated coverage on USA Rare Earth in a report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price target on the stock. Wedbush raised their price objective on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of USA Rare Earth in a report on Thursday, June 4th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.83.

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.