USA Rare Earth (NASDAQ:USAR) Trading 11.7% Higher – Here’s What Happened

Shares of USA Rare Earth Inc. (NASDAQ:USAR) rose 11.7% on Monday . The stock traded as high as $16.14 and last traded at $15.80. Approximately 11,654,940 shares changed hands during trading, an increase of 1% from the average daily volume of 11,515,792 shares. The stock had previously closed at $14.15.

Analyst Ratings Changes

A number of research firms have commented on USAR. William Blair initiated coverage on USA Rare Earth in a research note on Monday, October 20th. They set an “outperform” rating on the stock. UBS Group restated a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Benchmark reaffirmed a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Roth Capital set a $40.00 price target on shares of USA Rare Earth in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of USA Rare Earth in a research note on Monday, December 29th. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $26.33.

USA Rare Earth Stock Up 11.7%

The stock has a market cap of $2.10 billion, a PE ratio of -30.38 and a beta of 0.96. The stock has a fifty day moving average of $15.26 and a 200-day moving average of $16.26.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.19).

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its position in shares of 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 period. SBI Securities Co. Ltd. increased its stake in USA Rare Earth by 10,448.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock valued at $29,000 after purchasing an additional 2,612 shares in the last quarter. National Bank of Canada FI raised its holdings in 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 worth $36,000 after purchasing an additional 1,100 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in USA Rare Earth during the second quarter worth $38,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in USA Rare Earth in the third quarter valued at $69,000.

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.