USA Rare Earth (NASDAQ:USAR) Shares Up 12.8% – Still a Buy?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price was up 12.8% during mid-day trading on Wednesday . The stock traded as high as $16.98 and last traded at $16.5210. Approximately 5,376,217 shares were traded during trading, a decline of 71% from the average daily volume of 18,625,809 shares. The stock had previously closed at $14.64.

Analysts Set New Price Targets

Several research analysts have issued reports on USAR shares. Benchmark started coverage on USA Rare Earth in a research report on Wednesday, January 21st. They set a “buy” rating for the company. Roth Mkm boosted their target price on USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Cantor Fitzgerald boosted their target price on USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Canaccord Genuity Group dropped their target price on USA Rare Earth from $33.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of USA Rare Earth in a research note on Friday, March 27th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $33.00.

USA Rare Earth Stock Up 13.1%

The company’s 50 day moving average price is $19.09 and its two-hundred day moving average price is $18.85. The stock has a market cap of $3.61 billion, a P/E ratio of -5.52 and a beta of 1.34.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings data on Monday, March 30th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). The company had revenue of $1.64 million for the quarter.

Insider Buying and Selling

In other news, Director Carolyn Trabuco purchased 1,300 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were acquired at an average cost of $22.60 per share, with a total value of $29,380.00. Following the completion of the acquisition, the director owned 1,300 shares of the company’s stock, valued at $29,380. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Blitzer purchased 100,000 shares of the business’s stock in a transaction on Thursday, January 29th. The stock was purchased at an average cost of $21.44 per share, for a total transaction of $2,144,000.00. Following the completion of the acquisition, the director directly owned 847,500 shares of the company’s stock, valued at approximately $18,170,400. The trade was a 13.38% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 46.60% of the company’s stock.

Hedge Funds Weigh In On USA Rare Earth

Several institutional investors and hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings in shares of 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 during the last quarter. National Bank of Canada FI grew its holdings in shares of USA Rare Earth by 110.0% during the third quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after buying an additional 1,100 shares during the last quarter. NewEdge Advisors LLC grew its holdings 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 buying an additional 1,424 shares during the last quarter. Center for Financial Planning Inc. purchased a new stake in shares of USA Rare Earth during the fourth quarter valued at $28,000. Finally, Havemeyer Place LP purchased a new stake in USA Rare Earth in the fourth quarter valued at $33,000.

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.