USA Rare Earth (NASDAQ:USAR) Trading Up 5.6% – Here’s Why

USA Rare Earth Inc. (NASDAQ:USAR)’s share price was up 5.6% during trading on Thursday . The company traded as high as $28.59 and last traded at $28.19. Approximately 14,908,593 shares were traded during trading, a decline of 20% from the average daily volume of 18,626,475 shares. The stock had previously closed at $26.70.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on USAR shares. Canaccord Genuity Group lifted their price objective on USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Cantor Fitzgerald lifted their price objective on USA Rare Earth from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Northland Securities started coverage on USA Rare Earth in a research report on Thursday, April 23rd. They issued an “outperform” rating and a $45.00 target price on the stock. Roth Mkm set a $30.00 target price on USA Rare Earth in a research report on Monday, April 20th. Finally, Wedbush lifted their target price on USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. Eight equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.40.

USA Rare Earth Stock Up 5.6%

The company has a market cap of $6.29 billion, a PE ratio of -7.19 and a beta of 2.38. The stock has a 50-day simple moving average of $20.79 and a 200 day simple moving average of $18.72.

USA Rare Earth (NASDAQ:USAR) last posted its earnings results on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The business had revenue of $5.70 million during the quarter. As a group, research analysts anticipate that USA Rare Earth Inc. will post -0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On USA Rare Earth

Institutional investors have recently modified their holdings of the company. Larson Financial Group LLC grew its stake in shares of USA Rare Earth by 217.5% in the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after buying an additional 1,433 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of USA Rare Earth by 158.2% in the second 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 in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of USA Rare Earth in the first quarter valued at $27,000. Center for Financial Planning Inc. acquired a new stake in shares of USA Rare Earth in the fourth quarter valued at $28,000. Finally, Havemeyer Place LP acquired a new stake in shares of USA Rare Earth in the fourth quarter valued at $33,000.

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.