USA Rare Earth (NASDAQ:USAR) Upgraded to “Moderate Buy” at Needham & Company LLC

Needham & Company LLC upgraded shares of USA Rare Earth (NASDAQ:USAR) to a moderate buy rating in a research report released on Monday,Zacks.com reports.

A number of other analysts have also commented on USAR. Wall Street Zen upgraded shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Roth Mkm set a $30.00 price target on shares of USA Rare Earth in a research note on Monday, April 20th. Canaccord Genuity Group boosted their target price on shares of USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. Wedbush boosted their target price 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. Finally, Weiss Ratings upgraded shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $36.00.

USA Rare Earth Stock Performance

NASDAQ:USAR opened at $27.98 on Monday. The firm has a market cap of $6.24 billion, a P/E ratio of -7.14 and a beta of 2.33. USA Rare Earth has a fifty-two week low of $9.01 and a fifty-two week high of $43.98. The firm has a 50-day simple moving average of $21.88 and a two-hundred day simple moving average of $19.15.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $5.70 million for the quarter. On average, equities research analysts predict that USA Rare Earth will post -0.33 EPS for the current year.

Hedge Funds Weigh In On USA Rare Earth

Large investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in USA Rare Earth by 217.5% during the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after purchasing an additional 1,433 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in USA Rare Earth by 158.2% during 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 in the last quarter. Ascentis Independent Advisors purchased a new position in USA Rare Earth during the first quarter valued at approximately $27,000. Center for Financial Planning Inc. purchased a new position in USA Rare Earth during the fourth quarter valued at approximately $28,000. Finally, Havemeyer Place LP purchased a new position in USA Rare Earth during the fourth quarter valued at approximately $33,000.

Key Stories Impacting USA Rare Earth

Here are the key news stories impacting USA Rare Earth this week:

• Positive Sentiment: USA Rare Earth secured definitive agreements with the Commerce Department, unlocking up to $1.6 billion in CHIPS Act funding to accelerate its vertically integrated U.S. rare earth supply chain. Reuters article
• Positive Sentiment: The funding package strengthens USA Rare Earth’s balance sheet and supports expansion plans, including a new South Carolina facility that could significantly boost domestic magnet and rare earth metals production. GlobeNewswire article
• Neutral Sentiment: The company selected Cherokee County, South Carolina, for a new $1.2 billion manufacturing hub expected to create about 490 jobs and expand capacity, reinforcing the growth story but also implying heavy capital spending ahead. Reuters article
• Neutral Sentiment: Some reports noted a pullback after recent gains, suggesting the stock may be pausing as traders digest the size of the funding package and the execution risks tied to the expansion. Yahoo Finance article

About USA Rare Earth

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.