Benjamin Edwards Inc. Takes Position in USA Rare Earth Inc. $USAR

Benjamin Edwards Inc. bought a new stake in USA Rare Earth Inc. (NASDAQ:USAR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,971 shares of the company’s stock, valued at approximately $949,000.

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in USA Rare Earth by 217.5% during the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after buying an additional 1,433 shares during the period. 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. Ascentis Independent Advisors purchased a new position in USA Rare Earth in the 1st quarter valued at about $27,000. Center for Financial Planning Inc. acquired a new stake in shares of USA Rare Earth during the fourth quarter valued at about $28,000. Finally, Havemeyer Place LP acquired a new stake in shares of USA Rare Earth during the fourth quarter valued at about $33,000.

Insiders Place Their Bets

In related news, Director Carolyn Trabuco sold 13,000 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 18,783 shares of the company’s stock, valued at $427,688.91. The trade was a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.10% of the stock is currently owned by corporate insiders.

USA Rare Earth Price Performance

Shares of USAR stock opened at $17.26 on Wednesday. The firm has a fifty day moving average of $17.83 and a two-hundred day moving average of $20.01. The firm has a market cap of $3.85 billion, a P/E ratio of -7.10 and a beta of 2.58. USA Rare Earth Inc. has a 1-year low of $11.45 and a 1-year high of $43.98.

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 analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $5.82 million for the quarter. On average, sell-side analysts expect that USA Rare Earth Inc. will post -0.62 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on USAR shares. Wedbush boosted their price target on USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Weiss Ratings downgraded USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Benchmark restated a “buy” rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Finally, Cantor Fitzgerald reaffirmed 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, USA Rare Earth has an average rating of “Moderate Buy” and an average target price of $35.83.

About USA Rare Earth

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.