Jennison Associates LLC Makes New $1.59 Million Investment in USA Rare Earth Inc. $USAR

Key Points

• Jennison Associates LLC bought a new position of 133,267 shares of USA Rare Earth (NASDAQ:USAR) in Q4, worth approximately $1.59 million
• Analysts are broadly positive with eight Buy ratings versus one Sell, an average consensus of "Moderate Buy" and an average price target of $34.20 (individual targets range as high as $45).
• USA Rare Earth reported an EPS miss for the quarter (‑$0.19 vs. ‑$0.12 expected) on $1.64M revenue, and the stock trades between a 1‑year low/high of $8.00/$43.98 with a market cap of $5.74 billion and a negative P/E (‑8.78).

Jennison Associates LLC bought a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 133,267 shares of the company's stock, valued at approximately $1,586,000. Jennison Associates LLC owned about 0.10% of USA Rare Earth at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its position in shares of USA Rare Earth by 110.0% in the third 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. NewEdge Advisors LLC raised its position in shares of USA Rare Earth by 158.2% in the second 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. Osaic Holdings Inc. acquired a new position in shares of USA Rare Earth in the second quarter valued at approximately $38,000. KLP Kapitalforvaltning AS acquired a new position in shares of USA Rare Earth in the third quarter valued at approximately $69,000. Finally, SBI Securities Co. Ltd. raised its position in shares of USA Rare Earth by 73.9% in the third quarter. SBI Securities Co. Ltd. now owns 4,586 shares of the company's stock valued at $79,000 after buying an additional 1,949 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on USAR. Canaccord Genuity Group boosted their price objective on shares of USA Rare Earth from $29.00 to $32.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. Roth Mkm set a $30.00 price objective on shares of USA Rare Earth in a research report on Monday, April 20th. Weiss Ratings reissued a "sell (d-)" rating on shares of USA Rare Earth in a research report on Friday, March 27th. Wedbush began coverage on shares of USA Rare Earth in a research report on Monday, April 20th. They issued an "outperform" rating and a $29.00 price objective for the company. Finally, Northland Securities began coverage on shares of USA Rare Earth in a research report on Thursday, April 23rd. They issued an "outperform" rating and a $45.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating and one has issued 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 $34.20.

USA Rare Earth Stock Performance

USA Rare Earth stock opened at $26.33 on Monday. USA Rare Earth Inc. has a 1 year low of $8.00 and a 1 year high of $43.98. The firm has a 50 day moving average price of $18.81 and a 200 day moving average price of $18.43. The company has a market cap of $5.74 billion, a price-to-earnings ratio of -8.78 and a beta of 2.38.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last released its earnings results on Monday, March 30th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.07). The company had revenue of $1.64 million for the quarter. Sell-side analysts predict that USA Rare Earth Inc. will post -0.76 EPS for the current year.

About USA Rare Earth

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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