Royal Bank of Canada Has $1.49 Million Stock Position in USA Rare Earth Inc. $USAR

Key Points

• Royal Bank of Canada increased its USA Rare Earth position by 46.5% in the first quarter, bringing its holdings to 98,399 shares valued at approximately $1.49 million.
• Several major investors also expanded their stakes, including Vanguard, State Street and Alyeska Investment Group. Analysts maintain a generally positive outlook, with nine Buy ratings, one Sell rating and an average price target of $35.83.
• USA Rare Earth reported a quarterly loss of $0.15 per share, missing the $0.07 consensus estimate, while revenue totaled $5.82 million. The stock opened at $18.09 and has traded between $11.45 and $43.98 over the past year.

Royal Bank of Canada raised its position in USA Rare Earth Inc. (NASDAQ:USAR - Free Report) by 46.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 98,399 shares of the company's stock after acquiring an additional 31,245 shares during the period. Royal Bank of Canada's holdings in USA Rare Earth were worth $1,489,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in USAR. Alyeska Investment Group L.P. raised its position 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 period. Bayshore Capital Advisors LLC bought a new position in shares of USA Rare Earth in the 4th quarter worth $102,378,000. Vanguard Group Inc. grew its position in 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 purchasing an additional 5,083,288 shares during the period. State Street Corp increased its stake in USA Rare Earth by 78.4% during the 4th quarter. State Street Corp now owns 5,032,866 shares of the company's stock valued at $59,891,000 after purchasing an additional 2,212,177 shares in the last quarter. Finally, Inflection Point Holdings II LLC bought a new stake in USA Rare Earth during the 4th quarter valued at $37,188,000.

Analyst Upgrades and Downgrades

USAR has been the topic of a number of recent research reports. Roth Capital dropped their price objective 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. Benchmark restated a "buy" rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Northland Securities started 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 target on the stock. 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 note on Tuesday, May 12th. Finally, Weiss Ratings lowered USA Rare Earth from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, August 11th. Nine investment 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $35.83.

Insider Buying and Selling

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of the business's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $22.77, for a total value of $296,010.00. Following the transaction, the director owned 18,783 shares of the company's stock, valued at approximately $427,688.91. The trade was a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.10% of the company's stock.

USA Rare Earth Stock Performance

NASDAQ:USAR opened at $18.09 on Thursday. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of -7.44 and a beta of 2.55. USA Rare Earth Inc. has a 52 week low of $11.45 and a 52 week high of $43.98. The firm has a 50-day moving average price of $18.71 and a two-hundred day moving average price of $20.28.

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

USA Rare Earth Company 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.

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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