USA Rare Earth (NASDAQ:USAR) Shares Up 1.4% - What's Next?

Key Points

• USA Rare Earth Inc. (NASDAQ:USAR) shares increased by 1.4%, ending the trading session at $13.95.
• Analysts have set a consensus price target of $16.00 for the stock, with ratings ranging from "buy" to "sell" from various firms.
• Insider trading activity included the sale of over 2 million shares by Director Michael Blitzer at an average price of $15.75.

USA Rare Earth Inc. (NASDAQ:USAR - Get Free Report) shares traded up 1.4% during mid-day trading on Thursday . The company traded as high as $14.08 and last traded at $13.95. 835,985 shares traded hands during trading, a decline of 67% from the average session volume of 2,510,720 shares. The stock had previously closed at $13.76.

Analysts Set New Price Targets

USAR has been the topic of a number of analyst reports. Roth Capital reiterated a "buy" rating on shares of USA Rare Earth in a research report on Friday, June 13th. Wall Street Zen lowered shares of USA Rare Earth from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. Cantor Fitzgerald initiated coverage on shares of USA Rare Earth in a research report on Friday, August 1st. They issued an "overweight" rating and a $16.00 price objective on the stock. Finally, Canaccord Genuity Group initiated coverage on shares of USA Rare Earth in a research report on Friday, June 13th. They issued a "buy" rating and a $17.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $16.00.

USA Rare Earth Stock Performance

The business's 50 day moving average price is $13.70.

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

Insider Buying and Selling at USA Rare Earth

In other USA Rare Earth news, Director Michael Blitzer sold 2,091,849 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $15.75, for a total value of $32,946,621.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 46.60% of the stock is owned by insiders.

Hedge Funds Weigh In On USA Rare Earth

Several institutional investors and hedge funds have recently made changes to their positions in USAR. Titleist Asset Management LLC purchased a new position in shares of USA Rare Earth during the 1st quarter valued at approximately $145,000. Newtyn Management LLC purchased a new position in shares of USA Rare Earth during the 1st quarter valued at approximately $4,114,000. International Assets Investment Management LLC purchased a new position in shares of USA Rare Earth during the 2nd quarter valued at approximately $250,000. MMCAP International Inc. SPC acquired a new stake in USA Rare Earth during the second quarter valued at approximately $261,000. Finally, Pier 88 Investment Partners LLC acquired a new stake in USA Rare Earth during the second quarter valued at approximately $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.