USA Rare Earth (NASDAQ:USAR) Trading 5.5% Higher – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price shot up 5.5% during trading on Monday . The stock traded as high as $15.30 and last traded at $14.93. 8,695,048 shares were traded during mid-day trading, a decline of 49% from the average session volume of 17,119,061 shares. The stock had previously closed at $14.15.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Northland Securities assumed coverage on shares of USA Rare Earth in a research note on Thursday, April 23rd. They set an “outperform” rating and a $45.00 target price for the company. Wall Street Zen upgraded shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Canaccord Genuity Group boosted their price objective on USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Weiss Ratings raised USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $40.00 target price on shares of USA Rare Earth in a research note on Thursday, June 4th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.83.

USA Rare Earth Stock Performance

The stock has a fifty day simple moving average of $21.53 and a two-hundred day simple moving average of $20.63. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of -3.81 and a beta of 2.45.

USA Rare Earth (NASDAQ:USAR) last issued its earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The company had revenue of $5.70 million during the quarter. Equities analysts expect that USA Rare Earth Inc. will post -0.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Carolyn Trabuco sold 13,000 shares of USA Rare Earth stock in a transaction on Monday, June 8th. The shares were sold at an average price of $22.77, for a total transaction of $296,010.00. Following the completion of the transaction, the director owned 18,783 shares of the company’s stock, valued at $427,688.91. This trade represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On USA Rare Earth

A number of institutional investors and hedge funds have recently made changes to their positions in USAR. Larson Financial Group LLC raised its stake in USA Rare Earth by 217.5% during the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock worth $25,000 after buying an additional 1,433 shares during the period. NewEdge Advisors LLC grew its stake in USA Rare Earth by 158.2% in the second 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 during the period. Ascentis Independent Advisors acquired a new stake in USA Rare Earth in the first quarter valued at approximately $27,000. Center for Financial Planning Inc. bought a new stake in shares of USA Rare Earth during the fourth quarter valued at approximately $28,000. Finally, Havemeyer Place LP acquired a new position in shares of USA Rare Earth during the fourth quarter worth approximately $33,000.

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.