BlackRock Inc. Acquires Shares of 15,560,453 USA Rare Earth Inc. $USAR

BlackRock Inc. acquired a new stake in USA Rare Earth Inc. (NASDAQ:USAR – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,560,453 shares of the company’s stock, valued at approximately $335,795,000. BlackRock Inc. owned about 0.07% of USA Rare Earth as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Larson Financial Group LLC raised 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 valued at $25,000 after acquiring an additional 1,433 shares during the period. NewEdge Advisors LLC boosted its position in USA Rare Earth by 158.2% during the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after purchasing an additional 1,424 shares during the period. 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 position in shares of USA Rare Earth in the fourth quarter valued at about $28,000. Finally, Havemeyer Place LP acquired a new stake in shares of USA Rare Earth during the 4th quarter worth about $33,000.

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Insider Buying and Selling

In other news, Director Carolyn Trabuco sold 13,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $22.77, for a total value of $296,010.00. Following the completion of the transaction, the director directly owned 18,783 shares in the company, valued at approximately $427,688.91. The trade was a 40.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wedbush upped their price target on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Roth Capital reduced their price objective on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Wall Street Zen raised USA Rare Earth from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings lowered USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Finally, Needham & Company LLC dropped their price target on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.83.

Read Our Latest Stock Report on USAR

USA Rare Earth Stock Performance

NASDAQ:USAR opened at $18.92 on Thursday. The stock has a fifty day moving average price of $18.31 and a 200-day moving average price of $20.12. The company has a market cap of $4.22 billion, a price-to-earnings ratio of -7.79 and a beta of 2.55. USA Rare Earth Inc. has a fifty-two week low of $11.45 and a fifty-two week high of $43.98.

USA Rare Earth (NASDAQ:USAR – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The company had revenue of $5.82 million during the quarter. Research analysts predict that USA Rare Earth Inc. will post -0.62 EPS for the current fiscal year.

USA Rare Earth Profile

(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.

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