USA Rare Earth (NASDAQ:USAR) Stock Price Up 6.1% – Should You Buy?

USA Rare Earth Inc. (NASDAQ:USARGet Free Report) rose 6.1% during mid-day trading on Monday . The stock traded as high as $16.06 and last traded at $15.86. Approximately 10,910,026 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 16,946,186 shares. The stock had previously closed at $14.95.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on USAR. Canaccord Genuity Group boosted their price target on USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Weiss Ratings raised shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Needham & Company LLC reduced their price objective on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Wedbush raised their price target on shares of USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Finally, Roth Capital cut their target price on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Tuesday, July 21st. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.83.

Check Out Our Latest Report on USA Rare Earth

USA Rare Earth Price Performance

The company has a market cap of $3.83 billion, a price-to-earnings ratio of -4.38 and a beta of 2.55. The business has a 50 day simple moving average of $20.29 and a 200 day simple moving average of $20.51.

USA Rare Earth (NASDAQ:USARGet Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The company had revenue of $5.70 million for the quarter. As a group, sell-side analysts anticipate that USA Rare Earth Inc. will post -0.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Carolyn Trabuco sold 13,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $22.77, for a total value of $296,010.00. Following the transaction, the director owned 18,783 shares of the company’s stock, valued at approximately $427,688.91. This trade represents a 40.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in USAR. Larson Financial Group LLC boosted its stake in USA Rare Earth by 217.5% in the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after purchasing an additional 1,433 shares during the period. NewEdge Advisors LLC increased its holdings in shares of USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after acquiring an additional 1,424 shares during the last quarter. Ascentis Independent Advisors acquired a new position in shares of USA Rare Earth in the first quarter valued at $27,000. Center for Financial Planning Inc. bought a new stake in shares of USA Rare Earth during the fourth quarter worth approximately $28,000. Finally, Havemeyer Place LP acquired a new stake in USA Rare Earth during the 4th quarter worth approximately $33,000.

USA Rare Earth Company Profile

(Get Free Report)

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.

Further Reading

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