USA Rare Earth (NASDAQ:USAR) Trading 7.6% Higher - Here's What Happened

Key Points

• Shares of USA Rare Earth jumped 7.6% to $12.81 during mid-day trading on Friday, but volume was light at 1,058,773 shares—about 89% below the stock's average session volume.
• Analyst sentiment is mostly positive with six Buy ratings vs. one Sell, a consensus rating of “Moderate Buy” and a consensus target of $26.33 (individual targets range up to $40 and recent upgrades include Canaccord to $23).
• The company is a development-stage rare-earth and lithium play centered on the Round Top deposit in Texas; it carries a $1.8 billion market cap and recently missed earnings (Q3 EPS −$0.25 vs. −$0.06 estimate).

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report)'s share price traded up 7.6% during mid-day trading on Friday . The stock traded as high as $12.85 and last traded at $12.81. 1,058,773 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 9,512,856 shares. The stock had previously closed at $11.90.

Analyst Ratings Changes

A number of equities analysts have weighed in on USAR shares. Canaccord Genuity Group upped their price target on shares of USA Rare Earth from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Friday, November 7th. William Blair initiated coverage on shares of USA Rare Earth in a research report on Monday, October 20th. They set an "outperform" rating on the stock. Roth Capital set a $40.00 target price on shares of USA Rare Earth in a report on Friday, October 10th. Weiss Ratings reiterated a "sell (d-)" rating on shares of USA Rare Earth in a research note on Monday. Finally, Benchmark reissued a "buy" rating on shares of USA Rare Earth in a report on Monday, December 8th. Six investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $26.33.

USA Rare Earth Trading Up 13.9%

The business's 50 day simple moving average is $15.45 and its 200 day simple moving average is $16.20. The firm has a market capitalization of $1.80 billion, a PE ratio of -26.08 and a beta of 0.97.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC increased its position in USA Rare Earth by 2.0% during the third quarter. Advisory Services Network LLC now owns 52,366 shares of the company's stock valued at $900,000 after acquiring an additional 1,032 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of USA Rare Earth by 110.0% during the 3rd 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 period. NewEdge Advisors LLC grew its holdings in USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company's stock valued at $25,000 after purchasing an additional 1,424 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in USA Rare Earth by 73.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,586 shares of the company's stock valued at $79,000 after purchasing an additional 1,949 shares during the last quarter. Finally, Osaic Holdings Inc. purchased a new stake in USA Rare Earth in the 2nd quarter worth about $38,000.

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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