USA Rare Earth Inc. (USAR) – What Are Researchers Saying About This Stock?

Shares of USA Rare Earth Inc. (NASDAQ:USAR) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $33.71.

A number of analysts recently commented on USAR shares. Texas Capital raised USA Rare Earth to a “strong-buy” rating in a research report on Tuesday, October 20th. Weiss Ratings lowered USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Wall Street Zen cut USA Rare Earth from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 24th. Roth Capital decreased their price objective on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Finally, Jefferies Financial Group began coverage on USA Rare Earth in a research report on Wednesday, September 2nd. They set a “buy” rating and a $21.00 target price on the stock.

Institutional Trading of USA Rare Earth

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of USA Rare Earth in the second quarter valued at approximately $335,795,000. Bank of America Corp DE purchased a new stake in shares of USA Rare Earth during the second quarter valued at approximately $32,762,000. Korea Investment CORP bought a new stake in USA Rare Earth during the second quarter worth $18,108,000. Weiss Asset Management LP bought a new stake in USA Rare Earth during the first quarter worth $17,103,000. Finally, Bank of New York Mellon Corp bought a new stake in USA Rare Earth during the second quarter worth $13,510,000.

USA Rare Earth Price Performance

NASDAQ USAR opened at $7.42 on Friday. USA Rare Earth has a one year low of $6.84 and a one year high of $32.80. The business has a 50 day simple moving average of $13.45 and a 200 day simple moving average of $18.63. The stock has a market capitalization of $1.82 billion, a P/E ratio of -3.05 and a beta of 2.79.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The business had revenue of $5.82 million for the quarter. Equities analysts expect that USA Rare Earth will post -0.62 earnings per share for the current year.

USA Rare Earth Company Profile

USA Rare Earth, Inc (NASDAQ:USAR) is developing an integrated domestic supply chain for rare earth and other critical minerals. The company’s activities include the exploration and planned extraction of mineral resources, processing and separation of rare earth elements, and the production of sintered neodymium-iron-boron (NdFeB) permanent magnets used in electric vehicles, wind turbines, defense systems, electronics and other advanced technologies.

The company’s flagship asset is the Round Top Mountain project in Hudspeth County, Texas.