USA Rare Earth (NASDAQ:USAR) Hits New 1-Year High - Here's Why

Key Points

• USA Rare Earth stock reached a new 52-week high of $30.92, closing at $28.27 with significant trading volume of over 21 million shares.
• Analysts have mixed opinions, with three rating it as a buy and one as a sell, resulting in an average rating of "Moderate Buy" and a target price of $17.67.
• Insider trading activity included the sale of over 2 million shares by Director Michael Blitzer, totaling approximately $32.9 million.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $30.92 and last traded at $28.27, with a volume of 21317315 shares traded. The stock had previously closed at $26.32.

Analyst Upgrades and Downgrades

Several analysts have commented on USAR shares. Cantor Fitzgerald began coverage on shares of USA Rare Earth in a research note on Friday, August 1st. They set an "overweight" rating and a $16.00 price objective for the company. Roth Capital reissued a "buy" rating on shares of USA Rare Earth in a report on Monday, September 29th. Canaccord Genuity Group upped their price target 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. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of USA Rare Earth in a research report on Saturday, September 27th. Finally, Wall Street Zen lowered USA Rare Earth from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, USA Rare Earth has an average rating of "Moderate Buy" and an average target price of $17.67.

USA Rare Earth Stock Performance

The business's 50-day simple moving average is $16.21.

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

Insider Buying and Selling

In other news, Director Michael Blitzer sold 2,091,849 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $15.75, for a total value of $32,946,621.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 46.60% of the company's stock.

Institutional Investors Weigh In On USA Rare Earth

A number of institutional investors have recently added to or reduced their stakes in USAR. Titleist Asset Management LLC purchased a new stake in USA Rare Earth in the 1st quarter worth $145,000. Newtyn Management LLC purchased a new stake in shares of USA Rare Earth during the first quarter worth about $4,114,000. International Assets Investment Management LLC acquired a new position in shares of USA Rare Earth during the 2nd quarter worth about $250,000. MMCAP International Inc. SPC acquired a new stake in USA Rare Earth in the 2nd quarter worth about $261,000. Finally, Pier 88 Investment Partners LLC acquired a new stake in USA Rare Earth in the 2nd quarter worth about $588,000.

USA Rare Earth Company Profile

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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