MFG Wealth Management Inc. Invests $659,000 in USA Rare Earth Inc. $USAR

MFG Wealth Management Inc. acquired a new stake in USA Rare Earth Inc. (NASDAQ:USAR) in the fourth quarter, HoldingsChannel reports. The firm acquired 55,357 shares of the company’s stock, valued at approximately $659,000.

Several other institutional investors and hedge funds have also modified their holdings of USAR. NewEdge Advisors LLC boosted its position in USA Rare Earth by 158.2% during the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after acquiring an additional 1,424 shares during the last quarter. National Bank of Canada FI raised its holdings 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 last quarter. Osaic Holdings Inc. acquired a new position in USA Rare Earth in the 2nd quarter valued at $38,000. KLP Kapitalforvaltning AS purchased a new position in shares of USA Rare Earth during the 3rd quarter worth $69,000. Finally, SBI Securities Co. Ltd. lifted its stake in shares of USA Rare Earth by 73.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,586 shares of the company’s stock worth $79,000 after purchasing an additional 1,949 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Roth Mkm lifted their price objective on USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Benchmark began coverage on USA Rare Earth in a research report on Wednesday, January 21st. They set a “buy” rating on the stock. UBS Group reissued a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Canaccord Genuity Group lifted their price target on USA Rare Earth from $23.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. Finally, Cantor Fitzgerald upped their price objective on shares of USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Six analysts have rated the stock with a Buy rating and one has given 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 $34.33.

Insider Transactions at USA Rare Earth

In other news, Director Michael Blitzer acquired 100,000 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were bought at an average cost of $21.44 per share, for a total transaction of $2,144,000.00. Following the acquisition, the director directly owned 847,500 shares in the company, valued at $18,170,400. This trade represents a 13.38% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carolyn Trabuco acquired 1,300 shares of USA Rare Earth stock in a transaction dated Thursday, January 29th. The stock was purchased at an average cost of $22.60 per share, for a total transaction of $29,380.00. Following the completion of the purchase, the director directly owned 1,300 shares in the company, valued at approximately $29,380. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 46.60% of the stock is currently owned by insiders.

USA Rare Earth Stock Down 8.8%

USAR stock opened at $16.24 on Friday. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -31.23 and a beta of 1.05. The business has a fifty day simple moving average of $20.21 and a 200-day simple moving average of $18.68. USA Rare Earth Inc. has a 52 week low of $5.56 and a 52 week high of $43.98.

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.