one8zero8 LLC Takes Position in USA Rare Earth Inc. $USAR

one8zero8 LLC purchased a new position in USA Rare Earth Inc. (NASDAQ:USAR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 81,400 shares of the company’s stock, valued at approximately $1,757,000.

A number of other institutional investors have also made changes to their positions in the stock. Larson Financial Group LLC increased its holdings in 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 purchasing an additional 1,433 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in 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 last quarter. Ascentis Independent Advisors acquired a new position in shares of USA Rare Earth during the 1st quarter worth about $27,000. Center for Financial Planning Inc. acquired a new position in shares of USA Rare Earth during the 4th quarter worth about $28,000. Finally, Havemeyer Place LP bought a new stake in shares of USA Rare Earth in the 4th quarter valued at about $33,000.

USA Rare Earth Price Performance

Shares of USA Rare Earth stock opened at $18.09 on Thursday. USA Rare Earth Inc. has a 1 year low of $11.45 and a 1 year high of $43.98. The business has a 50-day moving average of $18.71 and a two-hundred day moving average of $20.28. The company has a market capitalization of $4.03 billion, a P/E ratio of -7.44 and a beta of 2.55.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings results on Monday, August 10th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $5.82 million during the quarter. On average, equities analysts anticipate that USA Rare Earth Inc. will post -0.62 EPS 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 firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $22.77, for a total transaction of $296,010.00. Following the sale, the director directly owned 18,783 shares in the company, valued at approximately $427,688.91. This trade represents a 40.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 9.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Roth Capital decreased their price objective on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Weiss Ratings downgraded shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Needham & Company LLC cut their target price on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of USA Rare Earth in a research report on Tuesday, August 11th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.83.

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.