USA Rare Earth (NASDAQ:USAR) Trading 6.1% Higher – Should You Buy?

USA Rare Earth Inc. (NASDAQ:USAR) traded up 6.1% during trading on Tuesday . The company 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 session volume of 16,610,254 shares. The stock had previously closed at $18.29.

Analyst Ratings Changes

USAR has been the subject of several research reports. Wedbush lifted their price objective on USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Benchmark reissued a “buy” rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Roth Capital cut their price target on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Weiss Ratings downgraded USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of USA Rare Earth in a research report on Tuesday, August 11th. 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 stock has an average rating of “Moderate Buy” and a consensus target price of $35.83.

USA Rare Earth Stock Performance

The stock has a fifty day moving average price of $18.31 and a 200-day moving average price of $20.12. The firm has a market cap of $4.27 billion, a PE ratio of -7.86 and a beta of 2.55.

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

Insider Buying and Selling

In other news, Director Carolyn Trabuco sold 13,000 shares of USA Rare Earth stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $22.77, for a total value of $296,010.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of USAR. NewEdge Advisors LLC increased 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 valued at $25,000 after acquiring an additional 1,424 shares during the period. Raymond James Financial Inc. purchased a new stake in USA Rare Earth during the second quarter valued at about $223,000. Lighthouse Investment Partners LLC acquired a new stake in USA Rare Earth during the 2nd quarter valued at $329,000. Bank of America Corp DE boosted its position in USA Rare Earth by 465.7% during the 2nd quarter. Bank of America Corp DE now owns 242,726 shares of the company’s stock worth $2,659,000 after acquiring an additional 199,819 shares during the period. Finally, LMR Partners LLP acquired a new position in USA Rare Earth in the 2nd quarter valued at approximately $145,000.

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.