USA Rare Earth (NASDAQ:USAR) Stock Price Up 10.4% – Time to Buy?

USA Rare Earth Inc. (NASDAQ:USAR)’s share price rose 10.4% on Monday . The stock traded as high as $21.06 and last traded at $20.87. Approximately 13,660,226 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 22,814,859 shares. The stock had previously closed at $18.90.

Analyst Upgrades and Downgrades

USAR has been the topic of several analyst reports. Benchmark assumed coverage on USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating on the stock. Roth Mkm raised their price objective on shares of USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of USA Rare Earth in a report on Monday, December 29th. UBS Group reiterated a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Finally, Cantor Fitzgerald boosted their price objective on shares of USA Rare Earth from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, USA Rare Earth currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

USA Rare Earth Stock Performance

The company’s 50-day moving average price is $18.83 and its 200 day moving average price is $18.36. The stock has a market cap of $2.77 billion, a PE ratio of -40.13 and a beta of 0.93.

Insiders Place Their Bets

In other news, Director Carolyn Trabuco purchased 1,300 shares of the stock in a transaction on Thursday, January 29th. The shares were acquired at an average price of $22.60 per share, with a total value of $29,380.00. Following the completion of the acquisition, the director directly owned 1,300 shares of the company’s stock, valued at $29,380. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Blitzer purchased 100,000 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was purchased at an average price of $21.44 per share, with a total value of $2,144,000.00. Following the completion of the transaction, the director owned 847,500 shares of the company’s stock, valued at approximately $18,170,400. This trade represents a 13.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 46.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Calamos Advisors LLC bought a new position in shares of USA Rare Earth during the third quarter worth $3,283,000. Pier 88 Investment Partners LLC bought a new stake in shares of USA Rare Earth in the 2nd quarter worth about $588,000. Farther Finance Advisors LLC raised its holdings in USA Rare Earth by 1,461,225.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 58,453 shares of the company’s stock valued at $1,005,000 after buying an additional 58,449 shares during the period. Altfest L J & Co. Inc. purchased a new stake in USA Rare Earth during the 3rd quarter valued at $13,554,000. Finally, Guild Investment Management Inc. bought a new stake in shares of USA Rare Earth in the 3rd quarter worth about $1,080,000.

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.