Hsbc Holdings PLC Takes Position in USA Rare Earth Inc. $USAR

Hsbc Holdings PLC acquired a new stake in USA Rare Earth Inc. (NASDAQ:USAR) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 48,798 shares of the company’s stock, valued at approximately $734,000.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake 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 acquiring an additional 1,433 shares during the period. NewEdge Advisors LLC raised its position in shares of 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 purchasing an additional 1,424 shares during the period. Ascentis Independent Advisors acquired a new stake in shares of USA Rare Earth during the first quarter worth about $27,000. Center for Financial Planning Inc. bought a new position in shares of USA Rare Earth during the 4th quarter valued at about $28,000. Finally, Havemeyer Place LP bought a new position in shares of USA Rare Earth during the 4th quarter valued at about $33,000.

Insider Buying and Selling at USA Rare Earth

In other news, Director Carolyn Trabuco sold 13,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 18,783 shares of the company’s stock, valued at $427,688.91. This trade represents a 40.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on USAR shares. Needham & Company LLC decreased their price objective on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Canaccord Genuity Group raised their target price on shares of USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Weiss Ratings raised shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. Wall Street Zen upgraded shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 price objective on shares of USA Rare Earth in a research report on Thursday, June 4th. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.83.

USA Rare Earth Price Performance

USAR stock opened at $14.65 on Friday. The stock has a market capitalization of $3.27 billion, a P/E ratio of -3.74 and a beta of 2.45. The business has a 50-day moving average of $20.90 and a 200-day moving average of $20.55. USA Rare Earth Inc. has a fifty-two week low of $11.13 and a fifty-two week high of $43.98.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $5.70 million for the quarter. Equities analysts expect that USA Rare Earth Inc. will post -0.35 EPS for the current year.

USA Rare Earth 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.