USA Rare Earth (NASDAQ:USAR) Coverage Initiated by Analysts at Jefferies Financial Group

Key Points

• Jefferies initiated coverage of USA Rare Earth with a “buy” rating and a $21 price target, implying approximately 17.65% upside from the reported $17.85 share price.
• Analyst sentiment is broadly positive: 10 analysts rate the stock a Buy and one rates it a Sell, resulting in a consensus “Moderate Buy” rating and an average price target of $33.71.
• USA Rare Earth reported a quarterly loss of $0.15 per share, missing the $0.07 consensus estimate, while generating $5.82 million in revenue; analysts expect a full-year loss of $0.62 per share.

Stock analysts at Jefferies Financial Group assumed coverage on shares of USA Rare Earth (NASDAQ:USAR - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm set a "buy" rating and a $21.00 price target on the stock. Jefferies Financial Group's price target would suggest a potential upside of 17.65% from the stock's current price.

A number of other research firms have also recently weighed in on USAR. Wall Street Zen upgraded USA Rare Earth from a "strong sell" rating to a "sell" rating in a research note on Saturday, May 16th. Cantor Fitzgerald reiterated an "overweight" rating on shares of USA Rare Earth in a report on Tuesday, August 11th. Roth Capital cut 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. Weiss Ratings cut USA Rare Earth from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday, August 11th. Finally, Wedbush upped their price target on USA Rare Earth from $29.00 to $35.00 and gave the company an "outperform" rating in a report on Tuesday, May 12th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.71.

USA Rare Earth Trading Up 3.4%

Shares of NASDAQ:USAR opened at $17.85 on Wednesday. USA Rare Earth has a 52 week low of $11.45 and a 52 week high of $43.98. The company's 50 day moving average is $17.76 and its two-hundred day moving average is $20.00. The company has a market cap of $3.98 billion, a PE ratio of -7.35 and a beta of 2.58.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last released its quarterly earnings data 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 for the quarter. As a group, equities research analysts expect that USA Rare Earth will post -0.62 EPS for the current year.

Insider Activity

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of the firm's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $22.77, for a total transaction of $296,010.00. Following the transaction, the director owned 18,783 shares of the company's stock, valued at approximately $427,688.91. This trade represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 9.10% of the company's stock.

Institutional Trading of USA Rare Earth

Large investors have recently made changes to their positions in the company. Carlson Financial Inc. increased its position in USA Rare Earth by 5.7% during the second quarter. Carlson Financial Inc. now owns 11,780 shares of the company's stock worth $254,000 after buying an additional 635 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of USA Rare Earth by 29.1% in the first quarter. Sterling Capital Management LLC now owns 3,676 shares of the company's stock valued at $56,000 after acquiring an additional 829 shares during the period. Pier 88 Investment Partners LLC grew its position in shares of USA Rare Earth by 2.5% during the fourth quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company's stock worth $413,000 after acquiring an additional 840 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of USA Rare Earth by 20.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company's stock valued at $66,000 after acquiring an additional 936 shares during the period. Finally, First PREMIER Bank increased its holdings in shares of USA Rare Earth by 100.0% in the 2nd quarter. First PREMIER Bank now owns 2,000 shares of the company's stock valued at $43,000 after acquiring an additional 1,000 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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