USA Rare Earth Inc. $USAR Shares Purchased by Swiss National Bank

Swiss National Bank boosted its stake in USA Rare Earth Inc. (NASDAQ:USAR) by 67.6% during the first quarter, Holdings Channel.com reports. The fund owned 150,500 shares of the company’s stock after purchasing an additional 60,700 shares during the quarter. Swiss National Bank’s holdings in USA Rare Earth were worth $2,278,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL purchased a new position in shares of USA Rare Earth during the 3rd quarter valued at $8,304,000. Jennison Associates LLC purchased a new stake in shares of USA Rare Earth during the fourth quarter worth $1,586,000. JPMorgan Chase & Co. acquired a new stake in USA Rare Earth during the third quarter valued at $734,000. Sovran Advisors LLC boosted its position in USA Rare Earth by 119.7% during the fourth quarter. Sovran Advisors LLC now owns 489,707 shares of the company’s stock valued at $5,828,000 after purchasing an additional 266,783 shares during the last quarter. Finally, Kercheville Advisors LLC grew its stake in USA Rare Earth by 272.0% in the fourth quarter. Kercheville Advisors LLC now owns 37,200 shares of the company’s stock valued at $443,000 after purchasing an additional 27,200 shares in the last quarter.

USA Rare Earth Price Performance

Shares of USAR opened at $14.65 on Friday. The company has a market capitalization of $3.27 billion, a PE ratio of -3.74 and a beta of 2.45. USA Rare Earth Inc. has a one year low of $11.13 and a one year high of $43.98. The company’s fifty day moving average price is $20.90 and its 200 day moving average price is $20.55.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $5.70 million for the quarter. Analysts anticipate that USA Rare Earth Inc. will post -0.35 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on USAR shares. Canaccord Genuity Group upped their target price on USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Wall Street Zen raised USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Northland Securities assumed coverage on USA Rare Earth in a report on Thursday, April 23rd. They issued an “outperform” rating and a $45.00 price objective on the stock. Benchmark restated a “buy” rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Finally, Roth Capital cut their price objective on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Nine 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 company currently has an average rating of “Moderate Buy” and an average target price of $35.83.

Insider Buying and Selling at USA Rare Earth

In related news, Director Carolyn Trabuco sold 13,000 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $22.77, for a total transaction of $296,010.00. Following the completion of the sale, the director owned 18,783 shares in the company, valued at $427,688.91. This represents a 40.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.10% of the company’s stock.

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.