USA Rare Earth (NASDAQ:USAR) Trading 9% Higher – What’s Next?

Shares of USA Rare Earth Inc. (NASDAQ:USAR) rose 9% during mid-day trading on Tuesday . The stock traded as high as $17.61 and last traded at $17.28. 13,624,242 shares were traded during trading, a decline of 20% from the average daily volume of 16,932,818 shares. The stock had previously closed at $15.86.

Analyst Upgrades and Downgrades

USAR has been the subject of a number of research reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $40.00 price objective on shares of USA Rare Earth in a report on Thursday, June 4th. Benchmark reissued a “buy” rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Northland Securities began coverage on USA Rare Earth in a research report on Thursday, April 23rd. They issued an “outperform” rating and a $45.00 target price for the company. Weiss Ratings raised USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. Finally, Wedbush increased their price target on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Nine equities research 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.83.

USA Rare Earth Stock Performance

The company has a market cap of $3.85 billion, a PE ratio of -4.41 and a beta of 2.55. The business’s 50-day moving average is $20.50 and its 200 day moving average is $20.52.

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

Insider Buying and Selling at USA Rare Earth

In related news, Director Carolyn Trabuco sold 13,000 shares of the stock in a transaction dated 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 directly 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 legal filing with the SEC, which is available through this link. Company insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On USA Rare Earth

A number of large investors have recently bought and sold shares of the stock. Ascentis Independent Advisors purchased a new stake in shares of USA Rare Earth during the first quarter valued at approximately $27,000. Larson Financial Group LLC grew its holdings in shares of USA Rare Earth by 217.5% in the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after purchasing an additional 1,433 shares during the last quarter. National Bank of Canada FI increased its stake in shares of USA Rare Earth by 110.0% in the third quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after buying an additional 1,100 shares during the period. KBC Group NV purchased a new position in shares of USA Rare Earth in the first quarter worth $35,000. Finally, NewEdge Advisors LLC raised its holdings in 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 buying an additional 1,424 shares during the last quarter.

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.