USA Rare Earth (NASDAQ:USAR) Sets New 12-Month High - Time to Buy?

Key Points

• USA Rare Earth Inc. has achieved a new 52-week high of $20.08, with shares trading at $20.07 after a significant volume of over 3.6 million shares.
• Analyst ratings are mixed, with three analysts giving a "Buy" rating and a consensus price target of $17.67, while Wall Street Zen downgraded the stock to a "Sell" rating.
• Insider activity includes Director Michael Blitzer selling over 2 million shares at an average price of $15.75, indicating significant insider transactions during this period.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) shares reached a new 52-week high on Thursday . The stock traded as high as $20.08 and last traded at $20.07, with a volume of 3650080 shares trading hands. The stock had previously closed at $18.41.

Analyst Ratings Changes

USAR has been the subject of several analyst reports. Cantor Fitzgerald initiated coverage on shares of USA Rare Earth in a research report on Friday, August 1st. They set an "overweight" rating and a $16.00 price target for the company. Roth Capital reiterated a "buy" rating on shares of USA Rare Earth in a research report on Monday. Canaccord Genuity Group lifted their price target on shares of USA Rare Earth from $21.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Wall Street Zen cut shares of USA Rare Earth from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, USA Rare Earth currently has a consensus rating of "Buy" and a consensus price target of $17.67.

USA Rare Earth Price Performance

The firm has a fifty day moving average price of $15.10.

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

Insider Activity at USA Rare Earth

In related news, Director Michael Blitzer sold 2,091,849 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $15.75, for a total transaction of $32,946,621.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 46.60% of the stock is currently owned by insiders.

Institutional Trading of USA Rare Earth

A number of institutional investors have recently modified their holdings of USAR. Titleist Asset Management LLC bought a new stake in shares of USA Rare Earth in the first quarter valued at about $145,000. Newtyn Management LLC bought a new stake in shares of USA Rare Earth in the first quarter valued at about $4,114,000. International Assets Investment Management LLC bought a new stake in shares of USA Rare Earth in the second quarter valued at about $250,000. MMCAP International Inc. SPC bought a new stake in shares of USA Rare Earth in the second quarter valued at about $261,000. Finally, Pier 88 Investment Partners LLC bought a new stake in shares of USA Rare Earth in the second quarter worth $588,000.

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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