USA Rare Earth Inc. (NASDAQ:USAR) Given Consensus Recommendation of “Moderate Buy” by Analysts

USA Rare Earth Inc. (NASDAQ:USAR) has been given an average rating of “Moderate Buy” by the eleven brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $33.7143.

Several equities analysts have recently issued reports on USAR shares. Wall Street Zen raised shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Needham & Company LLC cut their target price on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings cut shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Benchmark restated a “buy” rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of USA Rare Earth in a research report on Tuesday, August 11th.

Institutional Trading of USA Rare Earth

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of USA Rare Earth during the second quarter worth approximately $335,795,000. Weiss Asset Management LP acquired a new position in USA Rare Earth in the 1st quarter valued at approximately $17,103,000. Encompass Capital Advisors LLC purchased a new stake in USA Rare Earth in the 1st quarter worth approximately $7,038,000. Swiss National Bank boosted its stake in shares of USA Rare Earth by 67.6% during the 1st quarter. Swiss National Bank now owns 150,500 shares of the company’s stock valued at $2,278,000 after buying an additional 60,700 shares during the period. Finally, Man Group plc acquired a new stake in shares of USA Rare Earth during the 2nd quarter valued at $2,562,000.

USA Rare Earth Stock Performance

USAR opened at $17.06 on Thursday. The stock’s fifty day moving average is $17.44 and its 200-day moving average is $19.95. USA Rare Earth has a one year low of $11.45 and a one year high of $43.98. The company has a market capitalization of $3.81 billion, a PE ratio of -7.02 and a beta of 2.58.

USA Rare Earth (NASDAQ:USAR) last released 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 company had revenue of $5.82 million during the quarter. On average, equities research analysts forecast that USA Rare Earth will post -0.62 EPS for the current fiscal year.

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.