USA Rare Earth (NASDAQ:USAR) Trading Up 9.3% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR) shares were up 9.3% on Tuesday . The stock traded as high as $20.84 and last traded at $20.45. Approximately 16,575,281 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 21,410,154 shares. The stock had previously closed at $18.71.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on USAR shares. Benchmark assumed coverage on USA Rare Earth in a research note on Wednesday, January 21st. They issued a “buy” rating for the company. Canaccord Genuity Group increased their target price on USA Rare Earth from $23.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. UBS Group reiterated a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. 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 note on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

USA Rare Earth Price Performance

The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of -37.85 and a beta of 1.05. The company has a 50-day simple moving average of $19.81 and a two-hundred day simple moving average of $18.55.

Insider Activity

In other news, Director Carolyn Trabuco acquired 1,300 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The shares were acquired at an average price of $22.60 per share, with a total value of $29,380.00. Following the acquisition, the director directly owned 1,300 shares in the company, valued at approximately $29,380. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Blitzer acquired 100,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was purchased at an average price of $21.44 per share, for a total transaction of $2,144,000.00. Following the completion of the transaction, the director owned 847,500 shares in the company, valued at $18,170,400. The trade was a 13.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 46.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On USA Rare Earth

Several hedge funds and other institutional investors have recently made changes to their positions in USAR. Larson Financial Group LLC increased its position in USA Rare Earth by 217.5% in the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after acquiring an additional 1,433 shares during the period. NewEdge Advisors LLC grew its stake in shares of USA Rare Earth by 158.2% in the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after purchasing an additional 1,424 shares in the last quarter. Center for Financial Planning Inc. bought a new position in shares of USA Rare Earth in the fourth quarter worth $28,000. SBI Securities Co. Ltd. increased its holdings in shares of USA Rare Earth by 10,448.0% during the second 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 during the period. Finally, Havemeyer Place LP acquired a new position in shares of USA Rare Earth during the fourth quarter valued at $33,000.

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.