USA Rare Earth (NASDAQ:USAR) Stock Price Up 1.2% - Here's What Happened

Key Points

• USA Rare Earth (USAR) shares rose 1.2% to $16.99 on Tuesday with ~8.36M shares traded (down 54% from average), trading below its 50- and 200-day moving averages (~$18.59/$18.83); market cap is about $3.7B and the stock has a negative PE of -5.66.
• Analyst consensus is a "Moderate Buy" with an average price target of $29.67 (six Buy ratings, one Sell), with targets ranging roughly from $25 to $35 and mixed recent revisions from firms like Canaccord, Roth MKM, Cantor Fitzgerald and Weiss Ratings.
• The company missed quarterly EPS estimates (reported $(0.19) vs. $(0.12) expected) on $1.64M revenue, yet insiders increased positions—Director Michael Blitzer bought 100,000 shares at $21.44 and Director Carolyn Trabuco bought 1,300 shares—and insiders now own 46.6% of the stock.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report)'s share price rose 1.2% during trading on Tuesday . The stock traded as high as $17.79 and last traded at $16.99. Approximately 8,356,023 shares changed hands during trading, a decline of 54% from the average daily volume of 18,287,172 shares. The stock had previously closed at $16.79.

Analysts Set New Price Targets

USAR has been the subject of several research analyst reports. Canaccord Genuity Group reduced their target price on USA Rare Earth from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday, March 31st. Roth Mkm set a $25.00 target price on USA Rare Earth and gave the company a "buy" rating in a research note on Thursday. Benchmark initiated coverage on USA Rare Earth in a research note on Wednesday, January 21st. They set a "buy" rating for the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of USA Rare Earth in a research note on Friday, March 27th. Finally, Cantor Fitzgerald increased their target price on USA Rare Earth from $28.00 to $35.00 and gave the company an "overweight" rating in a research note on Friday, January 30th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, USA Rare Earth has an average rating of "Moderate Buy" and an average price target of $29.67.

USA Rare Earth Stock Performance

The company has a market capitalization of $3.70 billion, a PE ratio of -5.66 and a beta of 1.34. The company has a 50 day moving average price of $18.59 and a 200 day moving average price of $18.83.

USA Rare Earth (NASDAQ:USAR - Get Free Report) last announced its quarterly earnings data on Monday, March 30th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.07). The company had revenue of $1.64 million during the quarter.

Insider Buying and Selling at USA Rare Earth

In other news, Director Michael Blitzer acquired 100,000 shares of USA Rare Earth stock in a transaction that occurred on Thursday, January 29th. The shares were purchased at an average cost of $21.44 per share, for a total transaction of $2,144,000.00. Following the completion of the purchase, the director directly owned 847,500 shares of the company's stock, valued at $18,170,400. This trade represents a 13.38% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Carolyn Trabuco acquired 1,300 shares of USA Rare Earth stock in a transaction that occurred on Thursday, January 29th. The shares were purchased at an average price of $22.60 per share, for a total transaction of $29,380.00. Following the completion of the purchase, the director directly owned 1,300 shares of the company's stock, valued at $29,380. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 46.60% of the company's stock.

Hedge Funds Weigh In On USA Rare Earth

Several large investors have recently added to or reduced their stakes in USAR. Larson Financial Group LLC lifted its stake 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 worth $25,000 after purchasing an additional 1,433 shares during the last quarter. NewEdge Advisors LLC lifted its stake in 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 purchasing an additional 1,424 shares during the last quarter. Center for Financial Planning Inc. bought a new position in USA Rare Earth during the fourth quarter worth $28,000. Havemeyer Place LP bought a new position in USA Rare Earth during the fourth quarter worth $33,000. Finally, National Bank of Canada FI lifted its stake in USA Rare Earth by 110.0% during the third quarter. National Bank of Canada FI now owns 2,100 shares of the company's stock worth $36,000 after purchasing an additional 1,100 shares during the last quarter.

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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