Royal Bank of Canada Boosts Holdings in USA Rare Earth Inc. $USAR

Royal Bank of Canada raised its stake in USA Rare Earth Inc. (NASDAQ:USAR) by 46.5% during the first quarter, Holdings Channel reports. The fund owned 98,399 shares of the company’s stock after buying an additional 31,245 shares during the period. Royal Bank of Canada’s holdings in USA Rare Earth were worth $1,489,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sterling Capital Management LLC grew its position in shares of USA Rare Earth by 29.1% during the 1st quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock valued at $56,000 after acquiring an additional 829 shares during the period. Pier 88 Investment Partners LLC raised its holdings in shares of USA Rare Earth by 2.5% in the 4th quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock worth $413,000 after purchasing an additional 840 shares during the period. SBI Securities Co. Ltd. lifted its stake in USA Rare Earth by 20.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock valued at $66,000 after purchasing an additional 936 shares during the last quarter. Advisory Services Network LLC lifted its stake in USA Rare Earth by 2.0% in the third quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock valued at $900,000 after purchasing an additional 1,032 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in USA Rare Earth by 110.0% during the third quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after purchasing an additional 1,100 shares during the period.

Analyst Upgrades and Downgrades

USAR has been the subject of a number of recent research reports. Needham & Company LLC decreased their target price on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of USA Rare Earth in a research report on Tuesday, August 11th. Weiss Ratings downgraded USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. 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, Wedbush boosted their price objective on USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, USA Rare Earth currently has a consensus rating of “Moderate Buy” and an average target price of $35.83.

Insiders Place Their Bets

In other news, Director Carolyn Trabuco sold 13,000 shares of the company’s 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 sale, the director directly owned 18,783 shares in the company, valued at $427,688.91. This represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 9.10% of the stock is owned by insiders.

USA Rare Earth Stock Performance

Shares of NASDAQ USAR opened at $18.09 on Thursday. USA Rare Earth Inc. has a fifty-two week low of $11.45 and a fifty-two week high of $43.98. The stock has a market cap of $4.03 billion, a PE ratio of -7.44 and a beta of 2.55. The stock has a fifty day moving average of $18.71 and a 200-day moving average of $20.28.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The company had revenue of $5.82 million during the quarter. On average, sell-side analysts predict that USA Rare Earth Inc. will post -0.62 EPS for the current year.

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.