Brokerages Set USA Rare Earth Inc. (NASDAQ:USAR) Target Price at $36.00

USA Rare Earth Inc. (NASDAQ:USAR) has earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and nine have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $36.8333.

A number of equities analysts have issued reports on USAR shares. Roth Mkm reiterated a “buy” rating on shares of USA Rare Earth in a research note on Thursday. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research note on Wednesday. Wedbush lifted their price target on USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Wall Street Zen upgraded USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings upgraded USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th.

Hedge Funds Weigh In On USA Rare Earth

Hedge funds have recently modified their holdings of the company. Ascentis Independent Advisors bought a new position in shares of USA Rare Earth during the 1st quarter worth approximately $27,000. Larson Financial Group LLC lifted its position in shares of USA Rare Earth by 217.5% during the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after buying an additional 1,433 shares in the last quarter. National Bank of Canada FI lifted its position in shares of USA Rare Earth by 110.0% during the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after buying an additional 1,100 shares in the last quarter. KBC Group NV bought a new position in shares of USA Rare Earth during the 1st quarter worth approximately $35,000. Finally, NewEdge Advisors LLC lifted its position in shares of USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after buying an additional 1,424 shares in the last quarter.

USA Rare Earth Stock Performance

USAR stock opened at $22.47 on Tuesday. The company has a market capitalization of $5.01 billion, a P/E ratio of -5.73 and a beta of 2.33. USA Rare Earth has a 52-week low of $9.32 and a 52-week high of $43.98. The business has a 50-day simple moving average of $22.21 and a two-hundred day simple moving average of $19.26.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The company had revenue of $5.70 million for the quarter. As a group, sell-side analysts forecast that USA Rare Earth will post -0.35 earnings per share for the current fiscal year.

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.