USA Rare Earth (NASDAQ:USAR) Shares Up 7.3% – Should You Buy?

USA Rare Earth Inc. (NASDAQ:USAR) was up 7.3% during trading on Friday . The stock traded as high as $18.49 and last traded at $18.36. 3,888,423 shares were traded during mid-day trading, a decline of 76% from the average session volume of 16,528,635 shares. The stock had previously closed at $17.11.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Northland Securities began coverage on USA Rare Earth in a research report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of USA Rare Earth in a report on Tuesday, August 11th. Needham & Company LLC reduced their price target on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen upgraded shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.83.

USA Rare Earth Trading Up 10.8%

The company has a market cap of $4.23 billion, a PE ratio of -7.80 and a beta of 2.55. The company’s 50 day moving average is $18.60 and its 200 day moving average is $20.24.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The company had revenue of $5.82 million during the quarter. Analysts expect that USA Rare Earth Inc. will post -0.62 EPS for the current year.

Insider Transactions at USA Rare Earth

In related news, Director Carolyn Trabuco sold 13,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $22.77, for a total value of $296,010.00. Following the transaction, the director directly owned 18,783 shares of the company’s stock, valued at $427,688.91. This represents a 40.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.10% of the company’s stock.

Institutional Trading of USA Rare Earth

A number of institutional investors and hedge funds have recently made changes to their positions in USAR. Allworth Financial LP acquired a new stake in USA Rare Earth during the 2nd quarter worth $38,000. Ascentis Independent Advisors purchased a new position in shares of USA Rare Earth during the 1st quarter worth approximately $27,000. First PREMIER Bank lifted its stake in 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 acquiring an additional 1,000 shares in the last quarter. Larson Financial Group LLC raised its position in USA Rare Earth by 217.5% in the 4th 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 in the last quarter. Finally, National Bank of Canada FI raised its holdings in USA Rare Earth by 110.0% in the third quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after acquiring an additional 1,100 shares in the last quarter.

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.