USA Rare Earth Inc. (NASDAQ:USAR – Get Free Report)’s stock price fell 2.4% on Monday . The company traded as low as $24.88 and last traded at $26.30. 18,937,679 shares changed hands during mid-day trading, an increase of 0% from the average session volume of 18,851,787 shares. The stock had previously closed at $26.96.
USA Rare Earth News Summary
Here are the key news stories impacting USA Rare Earth this week:
- Positive Sentiment: USA Rare Earth reported first-quarter EPS of ($0.12), beating the consensus estimate of ($0.16), while revenue came in at $5.7 million. The company also posted a smaller-than-expected loss versus Wall Street estimates, which helped support the stock. Article Title
- Positive Sentiment: Wedbush raised its price target on USA Rare Earth (USAR) to $35 from $29 and reiterated an outperform rating, signaling continued optimism about the company’s growth outlook. Article Title
- Positive Sentiment: The company announced a $14.2 million Texas Semiconductor Innovation Fund grant to accelerate its Round Top Mountain heavy rare earth project, supporting expansion plans and potentially creating 260 jobs in Texas. Article Title
- Neutral Sentiment: Management said USA Rare Earth is nearing commercial magnet production in Oklahoma, with financing and government support helping fund its rare earth expansion strategy. Article Title
- Negative Sentiment: Investors are monitoring reports that Brazil has opened an antitrust investigation into USA Rare Earth’s proposed $2.8 billion Serra Verde deal, which could add uncertainty around a key strategic transaction. Article Title
Wall Street Analyst Weigh In
A number of brokerages have weighed in on USAR. Benchmark began coverage on USA Rare Earth in a research report on Wednesday, January 21st. They issued a “buy” rating for the company. Cantor Fitzgerald boosted their price target on USA Rare Earth from $28.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Canaccord Genuity Group boosted their price target on USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Wedbush boosted their price target on USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Northland Securities began coverage on USA Rare Earth in a research report on Thursday, April 23rd. They issued an “outperform” rating and a $45.00 price target for the company. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.40.
USA Rare Earth Trading Down 0.5%
The firm has a market cap of $5.54 billion, a price-to-earnings ratio of -8.47 and a beta of 2.38. The firm has a 50-day moving average of $19.82 and a two-hundred day moving average of $18.36.
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 for the quarter, topping the consensus estimate of ($0.16) by $0.04. The business had revenue of $5.70 million for the quarter. As a group, equities analysts anticipate that USA Rare Earth Inc. will post -0.76 EPS for the current year.
Hedge Funds Weigh In On USA Rare Earth
Large investors have recently made changes to their positions in the business. Ascentis Independent Advisors acquired a new position in shares of USA Rare Earth during the 1st quarter worth about $27,000. Larson Financial Group LLC increased its stake in USA Rare Earth by 217.5% during the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after acquiring an additional 1,433 shares during the period. National Bank of Canada FI increased its stake in USA Rare Earth by 110.0% during the third quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after acquiring an additional 1,100 shares during the period. KBC Group NV bought a new position in USA Rare Earth during the first quarter valued at about $35,000. Finally, NewEdge Advisors LLC increased its stake in USA Rare Earth by 158.2% during the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after acquiring an additional 1,424 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.
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