USA Rare Earth (NASDAQ:USAR) Trading Up 9.6% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR) traded up 9.6% on Tuesday . The stock traded as high as $28.62 and last traded at $27.73. 23,368,956 shares traded hands during trading, an increase of 25% from the average session volume of 18,702,982 shares. The stock had previously closed at $25.30.

Wall Street Analyst Weigh In

Several brokerages recently commented on USAR. Weiss Ratings raised USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Wedbush raised their target price on USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Canaccord Genuity Group boosted their price target on USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Northland Securities initiated coverage on shares of USA Rare Earth in a research report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price target for the company. Finally, Cantor Fitzgerald increased their price objective on shares of USA Rare Earth from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, May 14th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, USA Rare Earth has an average rating of “Moderate Buy” and an average target price of $35.40.

USA Rare Earth Stock Performance

The stock has a market cap of $6.04 billion, a P/E ratio of -7.07 and a beta of 2.38. The business’s 50-day moving average price is $20.48 and its 200-day moving average price is $18.57.

USA Rare Earth (NASDAQ:USAR) last announced its earnings results on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The company had revenue of $5.70 million during the quarter. As a group, equities research analysts expect that USA Rare Earth Inc. will post -0.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL bought a new position in shares of USA Rare Earth during the 3rd quarter valued at approximately $8,304,000. Jennison Associates LLC bought a new stake in USA Rare Earth during the 4th quarter worth approximately $1,586,000. JPMorgan Chase & Co. bought a new stake in USA Rare Earth during the 3rd quarter worth approximately $734,000. Sovran Advisors LLC lifted its holdings in USA Rare Earth by 119.7% during the fourth quarter. Sovran Advisors LLC now owns 489,707 shares of the company’s stock valued at $5,828,000 after purchasing an additional 266,783 shares in the last quarter. Finally, Guild Investment Management Inc. purchased a new position in USA Rare Earth during the third quarter valued at approximately $1,080,000.

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.