1,518,145 Shares in USA Rare Earth Inc. $USAR Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 1.52 million shares of USA Rare Earth during the second quarter, worth approximately $32.8 million and representing 0.68% of the company.
• USA Rare Earth shares opened at $16.99, well below their 52-week high of $43.98. The company reported a quarterly loss of $0.15 per share, missing estimates of a $0.07 loss, on $5.82 million in revenue.
• Analysts remain broadly optimistic, with 10 Buy ratings and one Sell rating and a consensus price target of $33.71, although several firms recently lowered their targets. The stock’s recent rally tied to a Greenland security agreement may have limited fundamental impact because USA Rare Earth has no Greenland assets.

Bank of America Corp DE bought a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,518,145 shares of the company's stock, valued at approximately $32,762,000. Bank of America Corp DE owned 0.68% of USA Rare Earth at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its holdings in USA Rare Earth by 29.1% in the 1st quarter. Sterling Capital Management LLC now owns 3,676 shares of the company's stock worth $56,000 after buying an additional 829 shares during the period. State of Wyoming raised its holdings in USA Rare Earth by 100.4% during the first quarter. State of Wyoming now owns 2,509 shares of the company's stock valued at $38,000 after acquiring an additional 1,257 shares during the period. Larson Financial Group LLC lifted its position in shares of 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 in the last quarter. Allworth Financial LP purchased a new position in shares of USA Rare Earth in the second quarter valued at about $38,000. Finally, Ascentis Independent Advisors bought a new position in shares of USA Rare Earth in the first quarter worth about $27,000.

USA Rare Earth Price Performance

Shares of NASDAQ USAR opened at $16.99 on Wednesday. The business's 50 day moving average is $16.96 and its two-hundred day moving average is $19.72. USA Rare Earth Inc. has a 1-year low of $11.45 and a 1-year high of $43.98. The stock has a market capitalization of $4.16 billion, a P/E ratio of -6.99 and a beta of 2.58.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last posted 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 during the quarter. As a group, equities research analysts anticipate that USA Rare Earth Inc. will post -0.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

USAR has been the topic of several recent analyst reports. Needham & Company LLC decreased their target price on 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. Jefferies Financial Group began coverage on USA Rare Earth in a research note on Wednesday, September 2nd. They issued a "buy" rating and a $21.00 price target for the company. Benchmark reaffirmed a "buy" rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Roth Capital reduced their price objective on shares of 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. Finally, Weiss Ratings downgraded shares of USA Rare Earth from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, August 11th. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, USA Rare Earth currently has an average rating of "Moderate Buy" and a consensus price target of $33.71.

More USA Rare Earth News

Here are the key news stories impacting USA Rare Earth this week:

• Positive Sentiment: A reported U.S.-Greenland security agreement fueled expectations of greater U.S. access to critical-mineral resources and pushed investors toward rare-earth stocks. USA Rare Earth gained in sympathy with other companies in the sector. USA Rare Earth Shares Rise Following Greenland Agreement
• Positive Sentiment: Industry forecasts call for the global rare-earth-elements market to expand from $6.86 billion in 2026 to $10.44 billion by 2030, representing an 11.1% compound annual growth rate. North America is expected to be the fastest-growing region, supporting the long-term investment case for U.S.-based supply. Rare Earth Elements Market Projected to Reach $10.44 Billion by 2030
• Neutral Sentiment: The Greenland announcement renewed attention on rare-earth assets and helped lift several related stocks, including USA Rare Earth, MP Materials and Critical Metals. The immediate reaction reflects improved sentiment toward strategic mineral supply rather than a change in USA Rare Earth’s operations. Critical Metals and Rare-Earth Stocks Rally on Greenland Pact
• Negative Sentiment: USA Rare Earth does not own or operate assets in Greenland, so the agreement does not provide the company with an immediate project, reserve or production benefit. Analysts and commentators cautioned that the rally could fade if investors refocus on company fundamentals. USA Rare Earth Rides Greenland Rally but Owns Nothing There

USA Rare Earth Company Profile

USA Rare Earth, Inc is a U.S.-focused critical minerals company developing an integrated rare earth supply chain. Its activities center on the production of rare earth materials used in permanent magnets, electric vehicles, wind turbines, defense systems, electronics and other advanced technologies.

The company's principal asset is the Round Top rare earth and critical minerals project in Hudspeth County, Texas. USA Rare Earth is advancing plans to mine and process ore from Round Top and produce separated rare earth oxides and other critical mineral products, including materials containing neodymium, praseodymium, dysprosium and terbium.

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