USA Rare Earth (NASDAQ:USAR) Shares Up 1.7% – Time to Buy?

USA Rare Earth Inc. (NASDAQ:USAR) shares traded up 1.7% on Friday . The stock traded as high as $19.98 and last traded at $19.40. 12,512,155 shares were traded during mid-day trading, a decline of 51% from the average session volume of 25,771,420 shares. The stock had previously closed at $19.08.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on USAR shares. Cantor Fitzgerald increased their target price on USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a research note on Monday, December 29th. Roth Mkm lifted their target price on USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Benchmark started coverage on shares of USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating for the company. Finally, William Blair started coverage on shares of USA Rare Earth in a research report on Monday, October 20th. They set an “outperform” rating for the company. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.33.

USA Rare Earth Price Performance

The company has a market capitalization of $2.57 billion, a PE ratio of -37.31 and a beta of 0.93. The firm’s fifty day simple moving average is $18.14 and its 200 day simple moving average is $17.93.

Insider Activity

In other USA Rare Earth news, Director Carolyn Trabuco acquired 1,300 shares of the business’s stock in a transaction dated Thursday, January 29th. The stock was acquired at an average cost of $22.60 per share, for a total transaction of $29,380.00. Following the completion of the transaction, the director directly owned 1,300 shares of the company’s stock, valued at $29,380. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Blitzer purchased 100,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was bought at an average cost of $21.44 per share, with a total value of $2,144,000.00. Following the acquisition, the director owned 847,500 shares in the company, valued at $18,170,400. This represents a 13.38% increase in their position. The SEC filing for this purchase provides additional information. 46.60% of the stock is owned by insiders.

Institutional Investors Weigh In On USA Rare Earth

Several large investors have recently bought and sold shares of USAR. Stifel Financial Corp purchased a new position in shares of USA Rare Earth in the fourth quarter valued at approximately $377,000. PCM Encore LLC acquired a new position in USA Rare Earth in the 4th quarter valued at $164,000. Integrated Wealth Concepts LLC purchased a new position in USA Rare Earth in the 4th quarter valued at $266,000. Charles Schwab Investment Management Inc. boosted its stake in USA Rare Earth by 126.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 787,965 shares of the company’s stock worth $9,377,000 after purchasing an additional 440,594 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of USA Rare Earth during the fourth quarter worth $282,000.

About USA Rare Earth

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.