USA Rare Earth (NASDAQ:USAR) Stock Gets Price Target Cut from Cantor Fitzgerald

USA Rare Earth (NASDAQ:USAR) had its target price cut by Cantor Fitzgerald from $40.00 to $30.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued research reports about the company. Roth Capital dropped their price target on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Texas Capital raised shares of USA Rare Earth to a “strong-buy” rating in a research note on Tuesday, October 20th. Needham & Company LLC decreased their target price on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen downgraded USA Rare Earth from a “sell” rating to a “strong sell” rating in a report on Saturday, October 24th. Finally, Jefferies Financial Group began coverage on shares of USA Rare Earth in a research report on Wednesday, September 2nd. They set a “buy” rating and a $21.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, USA Rare Earth has an average rating of “Moderate Buy” and a consensus price target of $32.29.

USA Rare Earth Stock Performance

Shares of USAR opened at $8.07 on Tuesday. USA Rare Earth has a 12-month low of $6.84 and a 12-month high of $32.80. The company’s 50-day moving average price is $12.47 and its 200 day moving average price is $18.28.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings data on Monday, November 9th. The company reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.25). USA Rare Earth had a negative return on equity of 12.81% and a negative net margin of 716.54%. The company had revenue of $3.00 million for the quarter, compared to analysts’ expectations of $6.50 million. During the same period in the previous year, the business posted ($0.25) EPS. On average, analysts forecast that USA Rare Earth will post -0.74 earnings per share for the current fiscal year.

Institutional Trading of USA Rare Earth

A number of institutional investors and hedge funds have recently modified their holdings of the company. Carlson Financial Inc. boosted its stake in USA Rare Earth by 5.7% in the 2nd quarter. Carlson Financial Inc. now owns 11,780 shares of the company’s stock valued at $254,000 after buying an additional 635 shares in the last quarter. First PREMIER Bank grew its position in shares of USA Rare Earth by 100.0% during the 2nd quarter. First PREMIER Bank now owns 2,000 shares of the company’s stock worth $43,000 after buying an additional 1,000 shares during the period. State of Wyoming grew its stake in USA Rare Earth by 100.4% in the first quarter. State of Wyoming now owns 2,509 shares of the company’s stock valued at $38,000 after acquiring an additional 1,257 shares during the period. Ameritas Advisory Services LLC raised its stake in shares of USA Rare Earth by 276.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 1,987 shares of the company’s stock valued at $43,000 after purchasing an additional 1,459 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of USA Rare Earth by 1.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 78,949 shares of the company’s stock valued at $1,112,000 after acquiring an additional 1,483 shares in the last quarter.

USA Rare Earth Company Profile

USA Rare Earth, Inc. is developing a U.S.-focused supply chain for rare earth materials and permanent magnets used in electric vehicles, wind turbines, electronics, aerospace and defense applications. Its planned activities span mineral extraction, materials processing and magnet manufacturing. The company is advancing the Round Top deposit in West Texas, a project that contains rare earth elements as well as other minerals used in advanced technologies. USA Rare Earth has described the deposit as a potential source of both light and heavy rare earths, which are important inputs for high-performance magnets and other industrial products.