USA Rare Earth (NASDAQ:USAR) Trading 1% Higher – Time to Buy?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price shot up 1% during mid-day trading on Monday . The stock traded as high as $19.98 and last traded at $19.35. Approximately 7,346,354 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 17,994,164 shares. The stock had previously closed at $19.15.

Analysts Set New Price Targets

A number of research firms have weighed in on USAR. Canaccord Genuity Group lifted their price objective on USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Benchmark restated a “buy” rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Cantor Fitzgerald restated an “overweight” rating and issued a $40.00 price objective on shares of USA Rare Earth in a report on Thursday, June 4th. 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. Finally, Roth Capital reissued a “buy” rating on shares of USA Rare Earth in a research report on Thursday, June 4th. Nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $36.83.

USA Rare Earth Trading Up 3.8%

The stock has a market cap of $4.11 billion, a PE ratio of -4.71 and a beta of 2.45. The company has a fifty day moving average of $23.80 and a 200-day moving average of $20.35.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The business had revenue of $5.70 million during the quarter. As a group, research analysts anticipate that USA Rare Earth Inc. will post -0.35 earnings per share for the current fiscal year.

Insider Buying and Selling at USA Rare Earth

In related 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 value of $296,010.00. Following the completion of the transaction, the director owned 18,783 shares in the company, valued at $427,688.91. The trade was a 40.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.10% of the company’s stock.

Institutional Trading of USA Rare Earth

A number of hedge funds and other institutional investors have recently bought and sold shares of USAR. Ascentis Independent Advisors purchased a new stake in USA Rare Earth during the first quarter worth approximately $27,000. Larson Financial Group LLC grew its position 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 purchasing an additional 1,433 shares during the last quarter. National Bank of Canada FI increased its stake in USA Rare Earth by 110.0% in the third quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after purchasing an additional 1,100 shares during the period. KBC Group NV purchased a new stake in shares of USA Rare Earth in the first quarter valued at about $35,000. Finally, NewEdge Advisors LLC raised its stake in USA Rare Earth by 158.2% during the 2nd 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 last quarter.

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.