USA Rare Earth (NASDAQ:USAR) Trading 5.4% Higher – Still a Buy?

USA Rare Earth Inc. (NASDAQ:USAR) was up 5.4% on Friday . The stock traded as high as $17.80 and last traded at $17.69. Approximately 9,595,114 shares traded hands during trading, a decline of 22% from the average daily volume of 12,280,145 shares. The stock had previously closed at $16.79.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on USAR. Canaccord Genuity Group increased their price objective on USA Rare Earth from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Roth Capital set a $40.00 price target on shares of USA Rare Earth in a research note on Friday, October 10th. Benchmark reissued a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a report on Monday, December 29th. Finally, William Blair assumed coverage on shares of USA Rare Earth in a research note on Monday, October 20th. They set an “outperform” rating for the company. Six investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, USA Rare Earth currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.33.

USA Rare Earth Stock Performance

The firm has a market cap of $2.35 billion, a PE ratio of -34.02 and a beta of 0.96. The stock has a 50-day simple moving average of $15.01 and a two-hundred day simple moving average of $16.50.

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

Institutional Trading of USA Rare Earth

A number of hedge funds and other institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in shares of USA Rare Earth during the 2nd quarter valued at $250,000. MMCAP International Inc. SPC bought a new stake in USA Rare Earth during the second quarter valued at about $261,000. Pier 88 Investment Partners LLC purchased a new position in shares of USA Rare Earth in the second quarter valued at about $588,000. SBI Securities Co. Ltd. lifted its position in shares of USA Rare Earth by 10,448.0% in the second quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock valued at $29,000 after acquiring an additional 2,612 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of USA Rare Earth by 2,437.5% in the second quarter. Geode Capital Management LLC now owns 653,290 shares of the company’s stock worth $7,160,000 after acquiring an additional 627,545 shares during the period.

USA Rare Earth Company Profile

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.