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

USA Rare Earth Inc. (NASDAQ:USAR) has earned an average rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $26.3333.

A number of research firms recently issued reports on USAR. Canaccord Genuity Group raised their target price on shares of USA Rare Earth from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Benchmark restated a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. UBS Group reaffirmed a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. William Blair began coverage on USA Rare Earth in a research note on Monday, October 20th. They issued an “outperform” rating on the stock. Finally, Roth Capital set a $40.00 price objective on USA Rare Earth in a research report on Friday, October 10th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its holdings in USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after acquiring an additional 1,424 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of USA Rare Earth by 10,448.0% during the second quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock worth $29,000 after buying an additional 2,612 shares in the last quarter. National Bank of Canada FI raised its position in USA Rare Earth by 110.0% in the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after purchasing an additional 1,100 shares during the last quarter. Osaic Holdings Inc. bought a new position in shares of USA Rare Earth in the second quarter valued at about $38,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of USA Rare Earth in the third quarter worth about $69,000.

USA Rare Earth Stock Performance

Shares of USAR stock opened at $17.28 on Friday. The stock’s 50 day simple moving average is $14.93 and its 200 day simple moving average is $16.36. USA Rare Earth has a twelve month low of $5.56 and a twelve month high of $43.98. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -33.23 and a beta of 0.96.

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

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.