USA Rare Earth (NASDAQ:USAR) Stock Price Up 4.6% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR) rose 4.6% on Thursday . The company traded as high as $24.79 and last traded at $24.64. 21,157,725 shares were traded during trading, an increase of 15% from the average session volume of 18,476,090 shares. The stock had previously closed at $23.55.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Benchmark restated a “buy” rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Weiss Ratings upgraded USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Roth Mkm reissued a “buy” rating on shares of USA Rare Earth in a research note on Thursday, June 4th. Wedbush increased their price target on USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen upgraded USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, USA Rare Earth presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.83.

USA Rare Earth Price Performance

The stock has a market cap of $5.50 billion, a P/E ratio of -6.29 and a beta of 2.33. The stock’s 50 day simple moving average is $23.28 and its two-hundred day simple moving average is $19.80.

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

Insider Transactions at USA Rare Earth

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $22.77, for a total transaction of $296,010.00. Following the completion of the transaction, the director owned 18,783 shares in the company, valued at approximately $427,688.91. This represents a 40.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.10% of the company’s stock.

Institutional Trading of USA Rare Earth

Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC boosted its position in shares of USA Rare Earth by 158.2% during the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after buying an additional 1,424 shares during the period. Raymond James Financial Inc. acquired a new stake in USA Rare Earth in the 2nd quarter valued at approximately $223,000. Lighthouse Investment Partners LLC acquired a new stake in USA Rare Earth in the 2nd quarter valued at approximately $329,000. Bank of America Corp DE lifted its stake in USA Rare Earth by 465.7% in the 2nd quarter. Bank of America Corp DE now owns 242,726 shares of the company’s stock valued at $2,659,000 after acquiring an additional 199,819 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in USA Rare Earth in the 2nd quarter valued at approximately $145,000.

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.