USA Rare Earth (NASDAQ:USAR) Shares Up 9.7% - Here's What Happened

Key Points

• Stock jump: USA Rare Earth shares climbed 9.7%
• Analyst picture: The consensus is a "Moderate Buy" (six Buy ratings, one Sell) with an average target price of $26.33, though individual targets range up to $40 and Weiss Ratings maintains a sell.
• Company fundamentals: USA Rare Earth is a development-stage REE and lithium company centered on the Round Top deposit in West Texas, has a market cap of $2.42 billion, and recently reported a quarterly loss of $0.25 per share, missing estimates.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report)'s stock price shot up 9.7% on Wednesday . The company traded as high as $18.47 and last traded at $18.28. 15,866,447 shares traded hands during trading, an increase of 26% from the average session volume of 12,547,488 shares. The stock had previously closed at $16.67.

Wall Street Analyst Weigh In

A number of analysts have issued reports on USAR shares. Weiss Ratings reissued a "sell (d-)" rating on shares of USA Rare Earth in a research report on Monday, December 29th. Roth Capital set a $40.00 price objective on USA Rare Earth in a research note on Friday, October 10th. Benchmark reiterated a "buy" rating on shares of USA Rare Earth in a report on Monday, December 8th. William Blair initiated coverage on USA Rare Earth in a report on Monday, October 20th. They set an "outperform" rating for the company. Finally, UBS Group reaffirmed a "buy" rating on shares of USA Rare Earth in a research report on Monday, December 8th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $26.33.

USA Rare Earth Stock Up 9.7%

The stock has a market capitalization of $2.42 billion, a PE ratio of -35.15 and a beta of 0.96. The stock has a fifty day moving average of $14.96 and a 200-day moving average of $16.49.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.19).

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC increased its position in shares of USA Rare Earth by 583.8% in the 4th quarter. CoreCap Advisors LLC now owns 7,433 shares of the company's stock valued at $88,000 after purchasing an additional 6,346 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of USA Rare Earth during the fourth quarter worth $311,000. MFG Wealth Management Inc. purchased a new position in USA Rare Earth in the fourth quarter valued at $659,000. GK Wealth Management LLC purchased a new position in USA Rare Earth in the fourth quarter valued at $197,000. Finally, JPMorgan Chase & Co. acquired a new stake in USA Rare Earth in the third quarter valued at $734,000.

About USA Rare Earth

USA Rare Earth NASDAQ: USAR is a development-stage critical minerals company focused on advancing a fully integrated rare earth element (REE) and lithium project in the United States. Its flagship asset is the Round Top deposit in West Texas, a large, polymetallic concentration of light and heavy rare earth elements, lithium and other co-products. The company seeks to move this asset through resource delineation, pilot-scale processing and eventual commercial production to address growing domestic demand for secure REE supply chains.

In addition to exploration, USA Rare Earth is engineering an on-site separation facility that will utilize dry magnetic separation and hydrometallurgical flowsheets to produce mixed rare earth carbonates.

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