Legal & General Group Plc acquired a new stake in USA Rare Earth Inc. (NASDAQ:USAR - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 146,306 shares of the company's stock, valued at approximately $3,157,000. Legal & General Group Plc owned 0.07% of USA Rare Earth as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently modified their holdings of USAR. BlackRock Inc. purchased a new position in USA Rare Earth during the 2nd quarter worth approximately $335,795,000. Bayshore Capital Advisors LLC acquired a new stake in shares of USA Rare Earth in the fourth quarter worth $102,378,000. Vanguard Group Inc. raised its holdings in shares of USA Rare Earth by 533.3% during the fourth quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company's stock worth $71,834,000 after purchasing an additional 5,083,288 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of USA Rare Earth by 44.0% during the third quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company's stock worth $219,034,000 after purchasing an additional 3,909,455 shares during the last quarter. Finally, Inflection Point Holdings II LLC acquired a new position in USA Rare Earth during the fourth quarter valued at $37,188,000.
USA Rare Earth Stock Down 0.5%
USAR stock opened at $17.61 on Friday. The company's 50-day simple moving average is $17.64 and its 200-day simple moving average is $19.97. USA Rare Earth Inc. has a 52-week low of $11.45 and a 52-week high of $43.98. The firm has a market cap of $3.93 billion, a P/E ratio of -7.25 and a beta of 2.58.
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 for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The company had revenue of $5.82 million during the quarter. On average, analysts anticipate that USA Rare Earth Inc. will post -0.62 earnings per share for the current fiscal year.
Analysts Set New Price Targets
USAR has been the topic of several analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of USA Rare Earth in a research report on Tuesday, August 11th. Roth Capital decreased their price objective on USA Rare Earth from $40.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday, July 21st. Wall Street Zen upgraded USA Rare Earth from a "strong sell" rating to a "sell" rating in a research note on Saturday, May 16th. Jefferies Financial Group assumed coverage on USA Rare Earth in a report on Wednesday. They set a "buy" rating and a $21.00 target price on the stock. Finally, Wedbush lifted their price target on USA Rare Earth from $29.00 to $35.00 and gave the company an "outperform" rating in a research report on Tuesday, May 12th. Ten research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, USA Rare Earth has an average rating of "Moderate Buy" and an average target price of $33.71.
View Our Latest Stock Analysis on USAR
Insider Activity at USA Rare Earth
In other news, Director Carolyn Trabuco sold 13,000 shares of the company's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $22.77, for a total transaction of $296,010.00. Following the completion of the transaction, the director directly owned 18,783 shares of the company's stock, valued at $427,688.91. This represents a 40.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 9.10% of the stock is owned by company insiders.
Key Stories Impacting USA Rare Earth
Here are the key news stories impacting USA Rare Earth this week:
- Positive Sentiment: Completed Serra Verde combination: USA Rare Earth closed its combination with Brazil-based Serra Verde, adding an upstream source of heavy rare earths to its existing processing, metallization, and magnet-making capabilities. The transaction creates one of the few fully integrated rare-earth and permanent-magnet platforms outside Asia, potentially strengthening USAR’s position with defense and industrial customers. USA Rare Earth Completes Combination with Serra Verde Group
- Positive Sentiment: China supply disruptions highlight domestic alternatives: Reuters reported that some Chinese suppliers have declined to ship rare-earth materials to US customers even after receiving export licenses. The development increases the strategic value of non-China producers such as USAR and supports the company’s potential role in building a secure US-aligned supply chain ahead of Chinese President Xi Jinping’s planned US visit. USA Rare Earth stock rises as China shipments to US face fresh disruptions
- Positive Sentiment: New analyst coverage: Jefferies initiated coverage with a Buy rating and a $21 price target, offering a positive signal for investor sentiment and implying meaningful upside from recent trading levels. USA Rare Earth rated new Buy as Jefferies initiates several critical metals names
- Negative Sentiment: Execution and financial risks remain: USA Rare Earth is still pre-revenue, burning cash, and faces development, integration, and potential dilution risks. Its latest quarterly loss exceeded analysts’ expectations, which may have limited the market’s enthusiasm despite the favorable strategic backdrop. USA Rare Earth Is Too Crucial To Defense To Overlook
About USA Rare Earth
(
Free Report)
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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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