USA Rare Earth (NASDAQ:USAR) Shares Up 14.6% – Time to Buy?

Shares of USA Rare Earth Inc. (NASDAQ:USAR) rose 14.6% during mid-day trading on Wednesday . The company traded as high as $16.98 and last traded at $16.78. Approximately 15,329,953 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 18,794,945 shares. The stock had previously closed at $14.64.

Analyst Ratings Changes

USAR has been the topic of a number of recent research reports. Canaccord Genuity Group reduced their target price on USA Rare Earth from $33.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, March 31st. Cantor Fitzgerald upped their target price on USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Benchmark initiated coverage on USA Rare Earth in a research note on Wednesday, January 21st. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of USA Rare Earth in a research note on Friday, March 27th. Finally, Roth Mkm upped their target price on USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Six analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.00.

USA Rare Earth Stock Performance

The company has a fifty day simple moving average of $19.09 and a two-hundred day simple moving average of $18.85. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of -5.59 and a beta of 1.34.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings results on Monday, March 30th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.07). The business had revenue of $1.64 million during the quarter.

Insider Buying and Selling at USA Rare Earth

In other news, Director Michael Blitzer acquired 100,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was acquired at an average cost of $21.44 per share, for a total transaction of $2,144,000.00. Following the acquisition, the director directly owned 847,500 shares in the company, valued at approximately $18,170,400. This represents a 13.38% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Carolyn Trabuco acquired 1,300 shares of the company’s stock in a transaction dated Thursday, January 29th. The shares were purchased at an average price of $22.60 per share, with a total value of $29,380.00. Following the completion of the acquisition, the director owned 1,300 shares in the company, valued at approximately $29,380. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 46.60% of the company’s stock.

Institutional Trading of USA Rare Earth

Several large investors have recently added to or reduced their stakes in USAR. Larson Financial Group LLC increased its holdings 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 purchasing an additional 1,433 shares in the last quarter. NewEdge Advisors LLC boosted its position in USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after buying an additional 1,424 shares during the last quarter. Center for Financial Planning Inc. purchased a new position in USA Rare Earth in the 4th quarter valued at about $28,000. Havemeyer Place LP purchased a new position in USA Rare Earth in the 4th quarter valued at about $33,000. Finally, National Bank of Canada FI boosted its position in USA Rare Earth by 110.0% in the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after buying an additional 1,100 shares during the last quarter.

About USA Rare Earth

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.