USA Rare Earth Inc. (NASDAQ:USAR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of USA Rare Earth Inc. (NASDAQ:USAR) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $26.3333.

Several brokerages recently issued reports on USAR. UBS Group restated a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. William Blair initiated coverage on USA Rare Earth in a report on Monday, October 20th. They issued an “outperform” rating on the stock. Weiss Ratings restated a “sell (d)” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Finally, Canaccord Genuity Group increased their target price on USA Rare Earth from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, November 7th.

USA Rare Earth Stock Performance

Shares of USA Rare Earth stock opened at $14.87 on Tuesday. USA Rare Earth has a 1 year low of $5.56 and a 1 year high of $43.98. The firm’s 50-day simple moving average is $19.79 and its 200-day simple moving average is $16.08. The firm has a market cap of $1.97 billion, a PE ratio of -28.60 and a beta of 0.92.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.19).

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Titleist Asset Management LLC bought a new stake in shares of USA Rare Earth during the first quarter valued at approximately $145,000. Newtyn Management LLC bought a new stake in USA Rare Earth during the 1st quarter valued at $4,114,000. International Assets Investment Management LLC acquired a new position in USA Rare Earth during the 2nd quarter worth $250,000. MMCAP International Inc. SPC bought a new position in shares of USA Rare Earth in the second quarter worth $261,000. Finally, Pier 88 Investment Partners LLC bought a new stake in shares of USA Rare Earth during the second quarter valued at about $588,000.

About USA Rare Earth

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.