USA Rare Earth (NASDAQ:USAR) Trading 1% Higher – Here’s Why

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price rose 1% during trading on Monday . The company traded as high as $19.98 and last traded at $19.35. Approximately 7,346,354 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 17,994,164 shares. The stock had previously closed at $19.15.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on USAR. Roth Mkm reaffirmed a “buy” rating on shares of USA Rare Earth in a report on Thursday, June 4th. Cantor Fitzgerald restated an “overweight” rating and set a $40.00 target price on shares of USA Rare Earth in a research note on Thursday, June 4th. 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. 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. Finally, Canaccord Genuity Group upped their target price on shares of USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Nine research analysts have rated the stock with a Buy rating and one has given 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 price target of $36.83.

USA Rare Earth Stock Performance

The company has a 50-day moving average of $23.96 and a 200-day moving average of $20.29. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of -4.94 and a beta of 2.45.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.04. The firm had revenue of $5.70 million for the quarter. As a group, equities research analysts forecast that USA Rare Earth Inc. will post -0.35 EPS for the current year.

Insider Activity at USA Rare Earth

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were 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 approximately $427,688.91. The trade was a 40.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.10% of the company’s stock.

Institutional Trading of USA Rare Earth

Institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its holdings in USA Rare Earth by 217.5% in the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after buying an additional 1,433 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of USA Rare Earth by 158.2% in the 2nd 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 period. Ascentis Independent Advisors acquired a new stake in shares of USA Rare Earth in the 1st quarter worth approximately $27,000. Center for Financial Planning Inc. purchased a new position in USA Rare Earth in the 4th quarter valued at approximately $28,000. Finally, Havemeyer Place LP purchased a new stake in USA Rare Earth during the fourth quarter worth $33,000.

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.