USA Rare Earth Inc. (NASDAQ:USAR – Get Free Report)’s stock price was up 8.1% during trading on Tuesday. The stock traded as high as $9.62 and last traded at $9.6350. 3,085,659 shares traded hands during trading, a decline of 80% from the average session volume of 15,806,029 shares. The stock had previously closed at $8.91.
Analyst Ratings Changes
USAR has been the topic of several analyst reports. Texas Capital raised USA Rare Earth to a “strong-buy” rating in a research report on Tuesday, October 20th. Weiss Ratings downgraded shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Jefferies Financial Group started coverage on shares of USA Rare Earth in a research report on Wednesday, September 2nd. They set a “buy” rating and a $21.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating on shares of USA Rare Earth in a research report on Tuesday, August 11th. Finally, Wall Street Zen cut shares of USA Rare Earth from a “sell” rating to a “strong sell” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, USA Rare Earth presently has an average rating of “Moderate Buy” and an average price target of $33.71.
Check Out Our Latest Stock Analysis on USAR
USA Rare Earth Trading Up 12.2%
The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of -4.12 and a beta of 2.66. The firm has a 50-day moving average price of $14.94 and a 200-day moving average price of $18.95.
USA Rare Earth (NASDAQ:USAR – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $5.82 million for the quarter. Equities research analysts predict that USA Rare Earth Inc. will post -0.62 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of USAR. Ascentis Independent Advisors acquired a new position in shares of USA Rare Earth in the 1st quarter valued at about $27,000. KBC Group NV acquired a new stake in shares of USA Rare Earth during the first quarter worth approximately $35,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of USA Rare Earth during the first quarter worth approximately $38,000. State of Wyoming grew its position in USA Rare Earth by 100.4% during the first quarter. State of Wyoming now owns 2,509 shares of the company’s stock valued at $38,000 after purchasing an additional 1,257 shares in the last quarter. Finally, Allworth Financial LP purchased a new position in USA Rare Earth during the second quarter valued at approximately $38,000.
USA Rare Earth Company Profile
USA Rare Earth, Inc (NASDAQ:USAR) is developing an integrated domestic supply chain for rare earth and other critical minerals. The company’s activities include the exploration and planned extraction of mineral resources, processing and separation of rare earth elements, and the production of sintered neodymium-iron-boron (NdFeB) permanent magnets used in electric vehicles, wind turbines, defense systems, electronics and other advanced technologies.
The company’s flagship asset is the Round Top Mountain project in Hudspeth County, Texas.
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