Korea Investment CORP Invests $18.11 Million in USA Rare Earth Inc. $USAR

Key Points

• Korea Investment CORP acquired 839,126 USA Rare Earth shares worth approximately $18.1 million, representing a 0.38% stake. Other major institutions, including BlackRock, Vanguard and State Street, also increased or initiated holdings.
• USA Rare Earth opened at $19.26, with a market capitalization of about $4.3 billion, but reported a quarterly loss of $0.15 per share—worse than analysts’ expected loss of $0.07—on $5.82 million in revenue.
• Analyst sentiment remains broadly positive, with nine Buy ratings and one Sell rating producing a “Moderate Buy” consensus and an average price target of $35.83, despite one insider sale and the stock’s development-stage risks.

Korea Investment CORP acquired a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 839,126 shares of the company's stock, valued at approximately $18,108,000. Korea Investment CORP owned 0.38% of USA Rare Earth as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in USAR. BlackRock Inc. purchased a new stake in USA Rare Earth in the second quarter valued at approximately $335,795,000. Alyeska Investment Group L.P. grew its stake in shares of USA Rare Earth by 44.0% in the third quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company's stock valued at $219,034,000 after buying an additional 3,909,455 shares in the last quarter. Bayshore Capital Advisors LLC acquired a new stake in shares of USA Rare Earth in the fourth quarter valued at $102,378,000. Vanguard Group Inc. raised its holdings in shares of USA Rare Earth by 533.3% in the 4th quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company's stock valued at $71,834,000 after buying an additional 5,083,288 shares during the period. Finally, State Street Corp raised its holdings in shares of USA Rare Earth by 78.4% in the 4th quarter. State Street Corp now owns 5,032,866 shares of the company's stock valued at $59,891,000 after buying an additional 2,212,177 shares during the period.

USA Rare Earth Stock Performance

USAR opened at $19.26 on Monday. USA Rare Earth Inc. has a one year low of $11.45 and a one year high of $43.98. The company has a market cap of $4.30 billion, a P/E ratio of -7.93 and a beta of 2.55. The business's 50-day simple moving average is $18.54 and its 200-day simple moving average is $20.22.

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

Insider Buying and Selling

In related news, Director Carolyn Trabuco sold 13,000 shares of the business's 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 directly owned 18,783 shares of the company's stock, valued at $427,688.91. The trade was a 40.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on USAR shares. Weiss Ratings cut USA Rare Earth from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, August 11th. Wedbush lifted their price objective on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an "outperform" rating in a report on Tuesday, May 12th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of USA Rare Earth in a research note on Tuesday, August 11th. 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. Finally, Needham & Company LLC decreased their price target on shares of USA Rare Earth from $39.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Nine analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.83.

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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