Legal & General Group Plc purchased a new stake in USA Rare Earth Inc. (NASDAQ:USAR – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 146,306 shares of the company’s stock, valued at approximately $3,157,000.
Several other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company acquired a new position in shares of USA Rare Earth during the second quarter valued at approximately $2,388,000. Algert Global LLC acquired a new position in USA Rare Earth in the 2nd quarter valued at $264,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in USA Rare Earth in the 2nd quarter valued at $484,000. Northwestern Mutual Wealth Management Co. purchased a new position in USA Rare Earth in the 2nd quarter valued at $187,000. Finally, Korea Investment CORP acquired a new stake in USA Rare Earth during the 2nd quarter worth $18,108,000.
Insider Transactions at USA Rare Earth
In related news, Director Carolyn Trabuco sold 13,000 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $22.77, for a total transaction of $296,010.00. Following the completion of the sale, the director owned 18,783 shares in the company, valued at $427,688.91. This represents a 40.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.10% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Read Our Latest Stock Report on USA Rare Earth
More USA Rare Earth News
Here are the key news stories impacting USA Rare Earth this week:
- Positive Sentiment: Completed Serra Verde combination: USA Rare Earth closed its combination with Brazil-based Serra Verde, adding an upstream source of heavy rare earths to its existing processing, metallization, and magnet-making capabilities. The transaction creates one of the few fully integrated rare-earth and permanent-magnet platforms outside Asia, potentially strengthening USAR’s position with defense and industrial customers. USA Rare Earth Completes Combination with Serra Verde Group
- Positive Sentiment: China supply disruptions highlight domestic alternatives: Reuters reported that some Chinese suppliers have declined to ship rare-earth materials to US customers even after receiving export licenses. The development increases the strategic value of non-China producers such as USAR and supports the company’s potential role in building a secure US-aligned supply chain ahead of Chinese President Xi Jinping’s planned US visit. USA Rare Earth stock rises as China shipments to US face fresh disruptions
- Positive Sentiment: New analyst coverage: Jefferies initiated coverage with a Buy rating and a $21 price target, offering a positive signal for investor sentiment and implying meaningful upside from recent trading levels. USA Rare Earth rated new Buy as Jefferies initiates several critical metals names
- Negative Sentiment: Execution and financial risks remain: USA Rare Earth is still pre-revenue, burning cash, and faces development, integration, and potential dilution risks. Its latest quarterly loss exceeded analysts’ expectations, which may have limited the market’s enthusiasm despite the favorable strategic backdrop. USA Rare Earth Is Too Crucial To Defense To Overlook
USA Rare Earth Stock Performance
USA Rare Earth stock opened at $17.61 on Friday. The company has a market capitalization of $3.93 billion, a PE ratio of -7.25 and a beta of 2.58. The firm has a 50 day moving average price of $17.64 and a 200 day moving average price of $19.97. 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 released its earnings results on Monday, August 10th. The company reported ($0.15) earnings per share (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. As a group, equities research analysts forecast that USA Rare Earth Inc. will post -0.62 earnings per share for the current year.
USA Rare Earth 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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