USA Rare Earth Inc. (NASDAQ:USAR) Given Consensus Recommendation of “Moderate Buy” by Analysts

USA Rare Earth Inc. (NASDAQ:USAR) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $26.3333.

Several research analysts have commented on the company. Canaccord Genuity Group boosted their target price on USA Rare Earth from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Benchmark reissued a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. UBS Group restated a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Roth Capital set a $40.00 price target on USA Rare Earth in a research note on Friday, October 10th. Finally, William Blair initiated coverage on USA Rare Earth in a research report on Monday, October 20th. They set an “outperform” rating on the stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. National Bank of Canada FI increased its position in USA Rare Earth by 110.0% in the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after acquiring an additional 1,100 shares during the period. NewEdge Advisors LLC increased its holdings in USA Rare Earth by 158.2% in the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after purchasing an additional 1,424 shares during the period. SBI Securities Co. Ltd. raised its position in USA Rare Earth by 10,448.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock worth $29,000 after purchasing an additional 2,612 shares during the last quarter. Osaic Holdings Inc. bought a new position in USA Rare Earth during the 2nd quarter worth $38,000. Finally, KLP Kapitalforvaltning AS acquired a new position in USA Rare Earth during the 3rd quarter worth about $69,000.

USA Rare Earth Stock Performance

Shares of USAR opened at $17.04 on Tuesday. USA Rare Earth has a 52-week low of $5.56 and a 52-week high of $43.98. The business’s fifty day moving average is $20.01 and its 200-day moving average is $15.98. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of -32.77 and a beta of 0.91.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.19).

USA Rare Earth Company Profile

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.