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

Shares of USA Rare Earth Inc. (NASDAQ:USAR) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and ten have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $33.7143.

USAR has been the topic of several recent research reports. Weiss Ratings cut USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Cantor Fitzgerald reiterated an “overweight” rating on shares of USA Rare Earth in a report on Tuesday, August 11th. Jefferies Financial Group started coverage on shares of USA Rare Earth in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $21.00 target price for the company. Roth Capital lowered their target price on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. Finally, Needham & Company LLC cut their price target on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd.

USA Rare Earth Stock Performance

Shares of USAR opened at $15.10 on Thursday. The company has a market capitalization of $3.70 billion, a PE ratio of -6.21 and a beta of 2.58. The company’s 50 day moving average price is $17.12 and its 200 day moving average price is $19.82. USA Rare Earth has a 52 week low of $11.45 and a 52 week high of $43.98.

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

Hedge Funds Weigh In On USA Rare Earth

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in shares of USA Rare Earth during the 2nd quarter worth $335,795,000. Bayshore Capital Advisors LLC acquired a new position in USA Rare Earth during the fourth quarter worth about $102,378,000. Vanguard Group Inc. lifted its holdings in shares of USA Rare Earth by 533.3% in the fourth quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company’s stock worth $71,834,000 after acquiring an additional 5,083,288 shares during the last quarter. Inflection Point Holdings II LLC acquired a new stake in shares of USA Rare Earth in the 4th quarter valued at approximately $37,188,000. Finally, Bank of America Corp DE bought a new stake in shares of USA Rare Earth during the 2nd quarter valued at approximately $32,762,000.

About USA Rare Earth

USA Rare Earth, Inc is a U.S.-focused critical minerals company developing an integrated rare earth supply chain. Its activities center on the production of rare earth materials used in permanent magnets, electric vehicles, wind turbines, defense systems, electronics and other advanced technologies.

The company’s principal asset is the Round Top rare earth and critical minerals project in Hudspeth County, Texas. USA Rare Earth is advancing plans to mine and process ore from Round Top and produce separated rare earth oxides and other critical mineral products, including materials containing neodymium, praseodymium, dysprosium and terbium.