MFG Wealth Management Inc. Acquires Shares of 55,357 USA Rare Earth Inc. $USAR

MFG Wealth Management Inc. acquired a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 55,357 shares of the company’s stock, valued at approximately $659,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Alyeska Investment Group L.P. boosted its position in shares of USA Rare Earth by 44.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock valued at $219,034,000 after purchasing an additional 3,909,455 shares during the period. Altfest L J & Co. Inc. acquired a new position in USA Rare Earth during the third quarter worth approximately $13,554,000. Geode Capital Management LLC lifted its stake in USA Rare Earth by 2,437.5% in the second quarter. Geode Capital Management LLC now owns 653,290 shares of the company’s stock valued at $7,160,000 after buying an additional 627,545 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in USA Rare Earth in the third quarter valued at approximately $8,304,000. Finally, Millennium Management LLC acquired a new stake in shares of USA Rare Earth in the third quarter valued at approximately $7,966,000.

Insider Buying and Selling at USA Rare Earth

In related news, Director Carolyn Trabuco purchased 1,300 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was bought 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 directly owned 1,300 shares in the company, valued at $29,380. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Blitzer acquired 100,000 shares of USA Rare Earth stock in a transaction dated Thursday, January 29th. The stock was bought 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 directly owned 847,500 shares of the company’s stock, valued at approximately $18,170,400. This represents a 13.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 46.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Roth Mkm lifted their target price on shares of USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, January 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of USA Rare Earth in a research note on Monday, December 29th. Cantor Fitzgerald raised their price objective on shares of USA Rare Earth from $28.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. UBS Group restated a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Finally, Benchmark initiated coverage on shares of USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating for the company. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, USA Rare Earth presently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

USA Rare Earth Stock Performance

USAR stock opened at $16.24 on Friday. USA Rare Earth Inc. has a 1 year low of $5.56 and a 1 year high of $43.98. The stock’s 50 day moving average price is $20.21 and its 200 day moving average price is $18.68. The firm has a market cap of $2.15 billion, a P/E ratio of -31.23 and a beta of 1.05.

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.