USA Rare Earth (NASDAQ:USAR) Trading 1% Higher – Still a Buy?

USA Rare Earth Inc. (NASDAQ:USAR)’s share price rose 1% on Thursday . The company traded as high as $19.70 and last traded at $19.10. Approximately 10,177,103 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 21,911,951 shares. The stock had previously closed at $18.91.

Wall Street Analyst Weigh In

USAR has been the subject of a number of analyst reports. Benchmark started coverage on USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating for the company. Canaccord Genuity Group raised their target price on USA Rare Earth from $23.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Roth Mkm lifted their target price on USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, January 26th. Cantor Fitzgerald upped their price target 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. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a research report on Monday, December 29th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.33.

USA Rare Earth Stock Performance

The business has a 50 day simple moving average of $19.17 and a two-hundred day simple moving average of $18.40. The firm has a market capitalization of $2.53 billion, a P/E ratio of -36.73 and a beta of 1.05.

Insider Activity at USA Rare Earth

In related news, Director Carolyn Trabuco acquired 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were bought at an average cost of $22.60 per share, for a total transaction of $29,380.00. Following the completion of the transaction, the director owned 1,300 shares in the company, valued at approximately $29,380. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Blitzer bought 100,000 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were bought at an average price of $21.44 per share, with a total value of $2,144,000.00. Following the completion of the transaction, the director owned 847,500 shares of the company’s stock, valued at $18,170,400. The trade was a 13.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 46.60% of the stock is currently owned by corporate insiders.

Institutional Trading of USA Rare Earth

A number of hedge funds have recently made changes to their positions in the stock. Pier 88 Investment Partners LLC increased its stake in USA Rare Earth by 2.5% in the fourth quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock valued at $413,000 after acquiring an additional 840 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in USA Rare Earth by 20.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock worth $66,000 after purchasing an additional 936 shares during the last quarter. Advisory Services Network LLC boosted its holdings in shares of USA Rare Earth by 2.0% in the 3rd quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock worth $900,000 after purchasing an additional 1,032 shares in the last quarter. National Bank of Canada FI increased its position in shares of USA Rare Earth by 110.0% during the 3rd 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 last quarter. Finally, NewEdge Advisors LLC increased 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 purchasing an additional 1,424 shares during the last quarter.

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.