15,560,453 Shares in USA Rare Earth Inc. $USAR Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 15.56 million USA Rare Earth shares worth approximately $335.8 million, giving it a 6.98% stake in the company.
• 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 approximately $0.62 per share.
• Despite the earnings miss and a 2.5% stock decline, Wall Street maintains a “Moderate Buy” consensus, with nine Buy ratings, one Sell rating and an average price target of $35.83 versus a recent price of $18.92.

BlackRock Inc. purchased a new stake in USA Rare Earth Inc. (NASDAQ:USAR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,560,453 shares of the company's stock, valued at approximately $335,795,000. BlackRock Inc. owned approximately 6.98% of USA Rare Earth as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC increased its holdings in USA Rare Earth by 29.1% during the 1st quarter. Sterling Capital Management LLC now owns 3,676 shares of the company's stock worth $56,000 after purchasing an additional 829 shares in the last quarter. Pier 88 Investment Partners LLC boosted 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 buying an additional 840 shares during the period. SBI Securities Co. Ltd. boosted its position in shares of USA Rare Earth by 20.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company's stock worth $66,000 after buying an additional 936 shares during the period. Advisory Services Network LLC grew its holdings in shares of USA Rare Earth by 2.0% during the third quarter. Advisory Services Network LLC now owns 52,366 shares of the company's stock worth $900,000 after buying an additional 1,032 shares in the last quarter. Finally, National Bank of Canada FI raised its position in USA Rare Earth by 110.0% in the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company's stock valued at $36,000 after buying an additional 1,100 shares during the last quarter.

USA Rare Earth Stock Down 2.5%

USAR stock opened at $18.92 on Thursday. The company has a market cap of $4.22 billion, a price-to-earnings ratio of -7.79 and a beta of 2.55. USA Rare Earth Inc. has a twelve month low of $11.45 and a twelve month high of $43.98. The business has a 50 day moving average price of $18.31 and a two-hundred day moving average price of $20.12.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.15) 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. On average, equities research analysts anticipate that USA Rare Earth Inc. will post -0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on USAR. Benchmark restated a "buy" rating on shares of USA Rare Earth in a research note on Wednesday, June 3rd. 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. Wedbush boosted their price objective on shares of USA Rare Earth from $29.00 to $35.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 12th. Cantor Fitzgerald restated an "overweight" rating on shares of USA Rare Earth in a report on Tuesday, August 11th. Finally, Roth Capital lowered their price target on shares of USA Rare Earth from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, USA Rare Earth has an average rating of "Moderate Buy" and an average price target of $35.83.

Insider Transactions at USA Rare Earth

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $22.77, for a total value of $296,010.00. Following the completion of the sale, the director owned 18,783 shares in the company, valued at $427,688.91. This trade represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 9.10% of the company's stock.

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.

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