USA Rare Earth Inc. (NASDAQ:USAR) Stock Has Consensus Target Price of $33.71 According to Analysts

Key Points

• USA Rare Earth has a “Moderate Buy” consensus rating from 11 analysts, with 10 buy ratings and one sell rating. The average 12-month price target is $33.71.
• USAR opened at $13.59 and has traded between $11.45 and $43.98 over the past year. Its latest quarterly loss of $0.15 per share was wider than analysts’ expected loss of $0.07, while revenue reached $5.82 million.
• The company is developing a vertically integrated U.S. rare-earth supply chain, including the Round Top project in Texas and production of NdFeB permanent magnets used in electric vehicles, renewable energy, electronics, aerospace and defense.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eleven brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $33.71.

A number of analysts have weighed in on the company. Jefferies Financial Group assumed coverage on USA Rare Earth in a research report on Wednesday, September 2nd. They set a "buy" rating and a $21.00 price objective for the company. Roth Capital cut their price target on USA Rare Earth from $40.00 to $30.00 and set a "buy" rating for the company in a research note on Tuesday, July 21st. Weiss Ratings downgraded 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 research report on Tuesday, August 11th. Finally, Needham & Company LLC dropped their price objective on shares of USA Rare Earth from $39.00 to $33.00 and set a "buy" rating on the stock in a research note on Wednesday, July 22nd.

USA Rare Earth Stock Performance

NASDAQ USAR opened at $13.59 on Monday. The firm has a market cap of $3.33 billion, a PE ratio of -5.59 and a beta of 2.66. USA Rare Earth has a one year low of $11.45 and a one year high of $43.98. The firm's fifty day moving average is $16.79 and its two-hundred day moving average is $19.45.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $5.82 million for the quarter. Research analysts predict that USA Rare Earth will post -0.62 earnings per share for the current year.

Institutional Trading of USA Rare Earth

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MCF Advisors LLC acquired a new position in shares of USA Rare Earth during the second quarter worth about $43,000. RFG Advisory LLC lifted its position in USA Rare Earth by 459.1% in the second quarter. RFG Advisory LLC now owns 59,835 shares of the company's stock valued at $1,291,000 after purchasing an additional 49,133 shares during the period. IFP Advisors Inc lifted its position in USA Rare Earth by 477.4% in the second quarter. IFP Advisors Inc now owns 67,896 shares of the company's stock valued at $1,465,000 after purchasing an additional 56,137 shares during the period. Arizona State Retirement System boosted its holdings in USA Rare Earth by 129.7% in the 2nd quarter. Arizona State Retirement System now owns 48,117 shares of the company's stock valued at $1,038,000 after purchasing an additional 27,166 shares in the last quarter. Finally, Nykredit A S purchased a new stake in USA Rare Earth in the 2nd quarter valued at approximately $115,000.

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.

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