USA Rare Earth Inc. (NASDAQ:USAR) Given Consensus Recommendation of "Moderate Buy" by Analysts

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) has been given an average rating of "Moderate Buy" by the eleven brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $33.7143.

Several equities analysts have recently issued reports on USAR shares. Wall Street Zen raised shares of USA Rare Earth from a "strong sell" rating to a "sell" rating in a research note on Saturday, May 16th. Needham & Company LLC cut their target price 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. Weiss Ratings cut shares of USA Rare Earth from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, August 11th. Benchmark restated a "buy" rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of USA Rare Earth in a research report on Tuesday, August 11th.

Institutional Trading of USA Rare Earth

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of USA Rare Earth during the second quarter worth approximately $335,795,000. Weiss Asset Management LP acquired a new position in USA Rare Earth in the 1st quarter valued at approximately $17,103,000. Encompass Capital Advisors LLC purchased a new stake in USA Rare Earth in the 1st quarter worth approximately $7,038,000. Swiss National Bank boosted its stake in shares of USA Rare Earth by 67.6% during the 1st quarter. Swiss National Bank now owns 150,500 shares of the company's stock valued at $2,278,000 after buying an additional 60,700 shares during the period. Finally, Man Group plc acquired a new stake in shares of USA Rare Earth during the 2nd quarter valued at $2,562,000.

USA Rare Earth Stock Performance

USAR opened at $17.06 on Thursday. The stock's fifty day moving average is $17.44 and its 200-day moving average is $19.95. USA Rare Earth has a one year low of $11.45 and a one year high of $43.98. The company has a market capitalization of $3.81 billion, a PE ratio of -7.02 and a beta of 2.58.

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

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.

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