USA Rare Earth Inc. (NASDAQ:USAR) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of USA Rare Earth Inc. (NASDAQ:USAR) have received an average recommendation of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and ten have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $33.71.

A number of analysts have weighed in on the company. Roth Capital decreased their price target on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Cantor Fitzgerald reissued an “overweight” rating on shares of USA Rare Earth in a research note on Tuesday, August 11th. Weiss Ratings lowered USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Needham & Company LLC cut their target price on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Finally, Jefferies Financial Group assumed coverage on USA Rare Earth in a research note on Wednesday, September 2nd. They set a “buy” rating and a $21.00 target price for the company.

Hedge Funds Weigh In On USA Rare Earth

Several institutional investors have recently added to or reduced their stakes in USAR. Overbrook Management Corp acquired a new position in USA Rare Earth during the 3rd quarter worth approximately $3,145,000. BlackRock Inc. bought a new position in USA Rare Earth in the second quarter worth approximately $335,795,000. Weiss Asset Management LP bought a new position in USA Rare Earth in the first quarter worth approximately $17,103,000. Encompass Capital Advisors LLC bought a new position in USA Rare Earth in the first quarter worth approximately $7,038,000. Finally, Swiss National Bank boosted its holdings in USA Rare Earth by 67.6% in the first quarter. Swiss National Bank now owns 150,500 shares of the company’s stock worth $2,278,000 after acquiring an additional 60,700 shares in the last quarter.

USA Rare Earth Price Performance

Shares of NASDAQ USAR opened at $12.56 on Monday. USA Rare Earth has a twelve month low of $11.45 and a twelve month high of $43.98. The firm has a fifty day simple moving average of $16.67 and a 200 day simple moving average of $19.28. The company has a market capitalization of $3.07 billion, a PE ratio of -5.17 and a beta of 2.66.

USA Rare Earth (NASDAQ:USAR) last released its 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 company had revenue of $5.82 million for the quarter. As a group, equities analysts expect that USA Rare Earth will post -0.62 earnings per share for the current fiscal year.

About USA Rare Earth

USA Rare Earth, Inc is a U.S.-based critical minerals company focused on developing a domestic, vertically integrated supply chain for rare earth elements and rare earth permanent magnets. The company’s activities span the planned mining and processing of rare earth materials and the manufacture of neodymium-iron-boron (NdFeB) magnets, which are used in electric vehicles, renewable energy systems, electronics, aerospace and defense applications.

The company’s principal resource project is the Round Top rare earth and critical minerals project in Hudspeth County, Texas.