USA Rare Earth Inc. (NASDAQ:USAR) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• USA Rare Earth Inc. (NASDAQ:USAR) has received an average rating of “Moderate Buy” from analysts, with five firms covering the stock, one rating it as a sell, and four as buy.
• The 12-month price target for USA Rare Earth has been fluctuating, with estimates ranging from a low of $21.00 to a high of $40.00 among various analysts.
• In a significant insider transaction, Director Michael Blitzer sold over 2 million shares for approximately $32.9 million, while company insiders collectively own 46.60% of the company’s stock.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the five ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.00.

USAR has been the topic of a number of recent research reports. William Blair initiated coverage on shares of USA Rare Earth in a report on Monday. They set an "outperform" rating on the stock. Wall Street Zen lowered shares of USA Rare Earth from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Weiss Ratings restated a "sell (d-)" rating on shares of USA Rare Earth in a report on Wednesday, October 8th. Roth Capital set a $40.00 target price on shares of USA Rare Earth in a report on Friday, October 10th. Finally, Canaccord Genuity Group boosted their target price on shares of USA Rare Earth from $21.00 to $22.00 and gave the company a "buy" rating in a report on Tuesday, September 30th.

Insiders Place Their Bets

In other USA Rare Earth news, Director Michael Blitzer sold 2,091,849 shares of USA Rare Earth stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $15.75, for a total value of $32,946,621.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 46.60% of the company's stock.

Institutional Investors Weigh In On USA Rare Earth

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC increased its position in shares of USA Rare Earth by 158.2% during the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company's stock worth $25,000 after acquiring an additional 1,424 shares in the last quarter. SBI Securities Co. Ltd. grew its position in USA Rare Earth by 10,448.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company's stock worth $29,000 after purchasing an additional 2,612 shares in the last quarter. Osaic Holdings Inc. bought a new stake in USA Rare Earth in the 2nd quarter worth about $38,000. Titleist Asset Management LLC bought a new stake in USA Rare Earth in the 1st quarter worth about $145,000. Finally, LMR Partners LLP bought a new stake in USA Rare Earth in the 2nd quarter worth about $145,000.

USA Rare Earth Trading Down 2.8%

Shares of NASDAQ:USAR opened at $27.73 on Monday. The business's fifty day simple moving average is $19.14. USA Rare Earth has a 52 week low of $5.56 and a 52 week high of $43.98.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.05.

About USA Rare Earth

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.

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