USA Rare Earth (NASDAQ:USAR – Get Free Report) had its target price lifted by analysts at Cantor Fitzgerald from $30.00 to $35.00 in a report issued on Thursday, Marketbeat reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price indicates a potential upside of 43.50% from the stock’s previous close.
A number of other equities analysts also recently weighed in on the stock. Canaccord Genuity Group boosted their price target on shares of USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Northland Securities started coverage on shares of USA Rare Earth in a report on Thursday, April 23rd. They issued an “outperform” rating and a $45.00 price target on the stock. Benchmark assumed coverage on shares of USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating on the stock. Wedbush boosted their price objective on USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a research note on Friday, March 27th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.40.
View Our Latest Research Report on USAR
USA Rare Earth Stock Down 1.8%
USA Rare Earth (NASDAQ:USAR – Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $5.70 million for the quarter. On average, equities research analysts anticipate that USA Rare Earth will post -0.76 earnings per share for the current fiscal year.
Institutional Investors Weigh In On USA Rare Earth
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL bought a new position in shares of USA Rare Earth during the third quarter valued at $8,304,000. Jennison Associates LLC bought a new position in shares of USA Rare Earth in the fourth quarter worth about $1,586,000. JPMorgan Chase & Co. bought a new stake in USA Rare Earth during the 3rd quarter valued at approximately $734,000. Sovran Advisors LLC raised its stake in USA Rare Earth by 119.7% during the 4th quarter. Sovran Advisors LLC now owns 489,707 shares of the company’s stock valued at $5,828,000 after purchasing an additional 266,783 shares during the period. Finally, Guild Investment Management Inc. bought a new stake in USA Rare Earth in the 3rd quarter worth approximately $1,080,000.
Trending Headlines about USA Rare Earth
Here are the key news stories impacting USA Rare Earth this week:
- Positive Sentiment: Cantor Fitzgerald raised its price target on USA Rare Earth to $35 from $30 and reiterated an Overweight rating, signaling continued bullishness on the company’s long-term prospects.
- Positive Sentiment: USA Rare Earth reported Q1 results that beat expectations on both EPS and revenue, helping support the stock after earnings; the company also ended the quarter with a large cash balance and highlighted major strategic progress. USA Rare Earth Stock Climbs After Q1 Earnings Release — Here’s Why
- Positive Sentiment: The company said it commissioned Phase 1a of its magnet line in Oklahoma and is targeting 600 metric tons by 2026, a step that supports its mine-to-magnet growth plan and future NdFeB order fulfillment. Will Stillwater Facility Ramp-Up Drive Long-Term Growth for USAR?
- Neutral Sentiment: Recent transcripts and commentary emphasized USA Rare Earth’s strategic transformation, including the Serra Verde and Carester transactions and broader mine-to-magnet integration efforts, which are more important for the long term than near-term earnings.
- Negative Sentiment: Despite the upbeat fundamental updates, shares are softer today as investors appear to be rotating out of risk assets in a broad market selloff, overshadowing the bullish analyst and operating news. USA Rare Earth Shares Fall As Broad Market Selloff Overshadows Bullish Outlook
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.
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