USA Rare Earth Inc. (NASDAQ:USAR) Receives $34.33 Consensus Price Target from Analysts

Shares of USA Rare Earth Inc. (NASDAQ:USAR) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $34.3333.

A number of analysts have commented on USAR shares. Benchmark assumed coverage on shares of USA Rare Earth in a research note on Wednesday, January 21st. They set a “buy” rating for the company. Cantor Fitzgerald raised their price objective on shares of USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. UBS Group reiterated a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Canaccord Genuity Group boosted their target price on shares of USA Rare Earth from $23.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a report on Monday, December 29th.

USA Rare Earth Stock Up 7.1%

NASDAQ USAR opened at $17.39 on Thursday. The company has a market cap of $2.31 billion, a price-to-earnings ratio of -33.44 and a beta of 1.06. USA Rare Earth has a 52 week low of $5.56 and a 52 week high of $43.98. The business has a 50 day moving average price of $20.20 and a 200-day moving average price of $18.78.

Insiders Place Their Bets

In other news, Director Michael Blitzer acquired 100,000 shares of USA Rare Earth stock in a transaction on Thursday, January 29th. The stock was acquired at an average cost of $21.44 per share, with a total value of $2,144,000.00. Following the transaction, the director owned 847,500 shares of the company’s stock, valued at approximately $18,170,400. This trade represents a 13.38% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carolyn Trabuco acquired 1,300 shares of the firm’s stock in a transaction on Thursday, January 29th. The stock was purchased at an average price of $22.60 per share, with a total value of $29,380.00. Following the purchase, the director owned 1,300 shares in the company, valued at approximately $29,380. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. 46.60% of the stock is owned by insiders.

Hedge Funds Weigh In On USA Rare Earth

Several hedge funds have recently modified their holdings of USAR. Bayshore Capital Advisors LLC purchased a new stake in shares of USA Rare Earth during the 4th quarter valued at $102,378,000. Vanguard Group Inc. boosted its holdings in shares of USA Rare Earth by 533.3% in the 4th quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company’s stock worth $71,834,000 after buying an additional 5,083,288 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of USA Rare Earth by 44.0% in the 3rd quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock worth $219,034,000 after buying an additional 3,909,455 shares during the last quarter. Inflection Point Holdings II LLC bought a new position in USA Rare Earth during the fourth quarter valued at about $37,188,000. Finally, State Street Corp increased its holdings in USA Rare Earth by 78.4% during the fourth quarter. State Street Corp now owns 5,032,866 shares of the company’s stock worth $59,891,000 after buying an additional 2,212,177 shares during the last quarter.

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.