Handelsbanken Fonder AB Makes New $1.61 Million Investment in USA Rare Earth Inc. $USAR

Key Points

• Handelsbanken Fonder AB purchased 74,700 shares of USA Rare Earth worth approximately $1.61 million during the second quarter. Several other institutional investors also increased or initiated positions.
• Analyst sentiment remains generally positive, with nine Buy ratings and one Sell rating. The stock has an average “Moderate Buy” rating and an average price target of $35.83.
• USA Rare Earth reported a quarterly loss of $0.15 per share, missing expectations of a $0.07 loss, on revenue of $5.82 million. Shares opened at $19.29, while a company director recently sold 13,000 shares at an average price of $22.77.

Handelsbanken Fonder AB purchased a new stake in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 74,700 shares of the company's stock, valued at approximately $1,612,000.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC boosted its holdings in shares of USA Rare Earth by 217.5% during the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company's stock worth $25,000 after buying an additional 1,433 shares during the period. NewEdge Advisors LLC grew its stake in USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company's stock valued at $25,000 after buying an additional 1,424 shares during the last quarter. Ascentis Independent Advisors bought a new position in USA Rare Earth in the 1st quarter worth $27,000. Center for Financial Planning Inc. bought a new position in USA Rare Earth in the 4th quarter worth $28,000. Finally, Havemeyer Place LP acquired a new position in USA Rare Earth during the 4th quarter worth $33,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on USAR shares. Wall Street Zen upgraded shares of USA Rare Earth from a "strong sell" rating to a "sell" rating in a report on Saturday, May 16th. Wedbush increased their target price on USA Rare Earth from $29.00 to $35.00 and gave the company an "outperform" rating in a research note on Tuesday, May 12th. Northland Securities began coverage on USA Rare Earth in a report on Thursday, April 23rd. They issued an "outperform" rating and a $45.00 target price on the stock. Benchmark reaffirmed a "buy" rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Finally, Needham & Company LLC cut their price target on USA Rare Earth from $39.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, July 22nd. Nine equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, USA Rare Earth has an average rating of "Moderate Buy" and an average price target of $35.83.

Insiders Place Their Bets

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of USA Rare Earth stock in a transaction on Monday, June 8th. The shares were sold at an average price of $22.77, for a total transaction of $296,010.00. Following the sale, the director owned 18,783 shares in the company, valued at $427,688.91. The trade was a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.10% of the stock is owned by corporate insiders.

USA Rare Earth Stock Down 3.6%

Shares of USAR opened at $19.29 on Tuesday. USA Rare Earth Inc. has a 12-month low of $11.45 and a 12-month high of $43.98. The firm has a market capitalization of $4.30 billion, a price-to-earnings ratio of -7.94 and a beta of 2.55. The stock's 50-day moving average price is $18.80 and its 200 day moving average price is $20.35.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). The business had revenue of $5.82 million during the quarter. Equities research analysts expect that USA Rare Earth Inc. will post -0.62 EPS for the current year.

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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