Shares of USA Rare Earth Inc. (NASDAQ:USAR – Get Free Report) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $33.71.
USAR has been the subject of a number of analyst reports. Cantor Fitzgerald restated an “overweight” rating on shares of USA Rare Earth in a research note on Tuesday, August 11th. Weiss Ratings lowered USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Needham & Company LLC reduced their target price 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. Roth Capital decreased their price target on shares of 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. Finally, Jefferies Financial Group began coverage on shares of USA Rare Earth in a report on Wednesday, September 2nd. They issued a “buy” rating and a $21.00 price target on the stock.
Institutional Investors Weigh In On USA Rare Earth
USA Rare Earth Stock Down 3.7%
USA Rare Earth stock opened at $13.23 on Monday. The business has a fifty day moving average of $16.76 and a two-hundred day moving average of $19.34. The firm has a market cap of $3.24 billion, a P/E ratio of -5.44 and a beta of 2.66. USA Rare Earth has a twelve month low of $11.45 and a twelve month high of $43.98.
USA Rare Earth (NASDAQ:USAR – Get Free Report) last announced its quarterly 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 firm had revenue of $5.82 million during the quarter. Equities analysts expect that USA Rare Earth will post -0.62 earnings per share for the current year.
USA Rare Earth Company Profile
USA Rare Earth, Inc is a U.S.-based critical minerals company focused on developing a domestic, vertically integrated supply chain for rare earth elements and rare earth permanent magnets. The company’s activities span the planned mining and processing of rare earth materials and the manufacture of neodymium-iron-boron (NdFeB) magnets, which are used in electric vehicles, renewable energy systems, electronics, aerospace and defense applications.
The company’s principal resource project is the Round Top rare earth and critical minerals project in Hudspeth County, Texas.
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