USA Rare Earth (NASDAQ:USAR) Shares Up 9.2% - Still a Buy?

Key Points

• USA Rare Earth shares jumped 9.2% to $16.78 on elevated trading volume, though the stock remains below its 200-day moving average of $19.76.
• Analyst sentiment is broadly positive: ten analysts rate the stock a Buy and one rates it a Sell, producing a “Moderate Buy” consensus and an average price target of $33.71.
• The company reported a quarterly loss of $0.15 per share, missing the $0.07 loss expected by analysts, on revenue of $5.82 million. USA Rare Earth is developing an integrated U.S. rare-earth supply chain centered on its Round Top project in Texas.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) shot up 9.2% on Monday . The company traded as high as $17.04 and last traded at $16.78. 17,402,107 shares traded hands during trading, an increase of 7% from the average session volume of 16,256,052 shares. The stock had previously closed at $15.37.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on USAR shares. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of USA Rare Earth in a research note on Tuesday, August 11th. Weiss Ratings cut USA Rare Earth from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday, August 11th. Jefferies Financial Group assumed coverage on shares of USA Rare Earth in a research note on Wednesday, September 2nd. They issued a "buy" rating and a $21.00 price target for the company. 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. Finally, Needham & Company LLC dropped their price target on USA Rare Earth from $39.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday, July 22nd. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.71.

USA Rare Earth Stock Performance

The firm has a market capitalization of $4.11 billion, a P/E ratio of -6.91 and a beta of 2.58. The firm has a 50-day moving average of $16.99 and a 200-day moving average of $19.76.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last issued 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 business had revenue of $5.82 million during the quarter. On average, research analysts forecast that USA Rare Earth Inc. will post -0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On USA Rare Earth

Large investors have recently made changes to their positions in the company. Larson Financial Group LLC grew its position in USA Rare Earth by 217.5% during the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company's stock valued at $25,000 after buying an additional 1,433 shares during the period. Ascentis Independent Advisors bought a new stake in USA Rare Earth during the first quarter valued at about $27,000. Havemeyer Place LP bought a new stake in USA Rare Earth during the 4th quarter valued at approximately $33,000. KBC Group NV bought a new stake in USA Rare Earth during the 1st quarter valued at approximately $35,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in USA Rare Earth in the 1st quarter worth approximately $38,000.

About USA Rare Earth

USA Rare Earth, Inc is a U.S.-focused critical minerals company developing an integrated rare earth supply chain. Its activities center on the production of rare earth materials used in permanent magnets, electric vehicles, wind turbines, defense systems, electronics and other advanced technologies.

The company's principal asset is the Round Top rare earth and critical minerals project in Hudspeth County, Texas. USA Rare Earth is advancing plans to mine and process ore from Round Top and produce separated rare earth oxides and other critical mineral products, including materials containing neodymium, praseodymium, dysprosium and terbium.

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