USA Rare Earth Inc. $USAR Holdings Lifted by Alps Advisors Inc.

Key Points

• Alps Advisors increased its USA Rare Earth stake by 106.5% in the third quarter, adding 248,266 shares to hold 481,333 shares valued at about $6.8 million. Other institutional investors also reported growing or initiating positions.
• USA Rare Earth reported a quarterly loss of $0.15 per share, missing analysts’ estimate of a $0.07 loss, on revenue of $5.82 million. Shares opened at $8.23, well below their 50- and 200-day moving averages.
• Analyst sentiment remains broadly positive: the stock has a “Moderate Buy” consensus and a $33.71 average price target, though one analyst rates it Sell.

Alps Advisors Inc. raised its position in USA Rare Earth Inc. (NASDAQ:USAR - Free Report) by 106.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 481,333 shares of the company's stock after purchasing an additional 248,266 shares during the quarter. Alps Advisors Inc. owned about 0.20% of USA Rare Earth worth $6,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in USAR. Kestra Advisory Services LLC grew its position in USA Rare Earth by 26.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 23,295 shares of the company's stock valued at $328,000 after buying an additional 4,809 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in USA Rare Earth by 3.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 58,677 shares of the company's stock valued at $826,000 after purchasing an additional 1,682 shares in the last quarter. ProShare Advisors LLC boosted its stake in USA Rare Earth by 7.6% during the 3rd quarter. ProShare Advisors LLC now owns 27,386 shares of the company's stock valued at $386,000 after purchasing an additional 1,946 shares in the last quarter. Vise Technologies Inc. acquired a new position in shares of USA Rare Earth during the 3rd quarter valued at $377,000. Finally, LJI Wealth Management LLC acquired a new position in shares of USA Rare Earth during the 3rd quarter valued at $170,000.

USA Rare Earth Stock Performance

Shares of NASDAQ:USAR opened at $8.23 on Monday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of -3.39 and a beta of 2.79. USA Rare Earth Inc. has a 1-year low of $6.84 and a 1-year high of $32.80. The company has a 50 day moving average price of $13.23 and a 200 day moving average price of $18.58.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The business had revenue of $5.82 million during the quarter. On average, sell-side analysts expect that USA Rare Earth Inc. will post -0.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on USAR. Jefferies Financial Group assumed coverage on USA Rare Earth in a report on Wednesday, September 2nd. They issued a "buy" rating and a $21.00 price objective for the company. Texas Capital raised USA Rare Earth to a "strong-buy" rating in a report on Tuesday, October 20th. Roth Capital lowered their target price on USA Rare Earth from $40.00 to $30.00 and set a "buy" rating on the stock in a report on Tuesday, July 21st. Cantor Fitzgerald reiterated an "overweight" rating on shares of USA Rare Earth in a research report on Tuesday, August 11th. Finally, Weiss Ratings downgraded shares of USA Rare Earth from a "sell (d)" rating to a "sell (d-)" rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.71.

USA Rare Earth Profile

USA Rare Earth, Inc is developing a U.S.-focused supply chain for rare earth materials and permanent magnets used in electric vehicles, wind turbines, electronics, aerospace and defense applications. Its planned activities span mineral extraction, materials processing and magnet manufacturing.

The company is advancing the Round Top deposit in West Texas, a project that contains rare earth elements as well as other minerals used in advanced technologies. USA Rare Earth has described the deposit as a potential source of both light and heavy rare earths, which are important inputs for high-performance magnets and other industrial products.

USA Rare Earth is also developing magnet manufacturing capabilities in Stillwater, Oklahoma, and owns Less Common Metals, a U.K.-based producer of rare-earth metals and alloys.

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