USA Rare Earth (NASDAQ:USAR) Trading 1.1% Higher – Time to Buy?

Shares of USA Rare Earth Inc. (NASDAQ:USARGet Free Report) rose 1.1% during mid-day trading on Thursday . The stock traded as high as $19.16 and last traded at $18.61. 8,874,078 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 16,759,432 shares. The stock had previously closed at $18.41.

More USA Rare Earth News

Here are the key news stories impacting USA Rare Earth this week:

Analyst Upgrades and Downgrades

USAR has been the topic of several analyst reports. Weiss Ratings lowered USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday. Needham & Company LLC decreased their price target on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Canaccord Genuity Group upped their price objective on USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Roth Capital dropped their price objective on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of USA Rare Earth in a report on Tuesday. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.83.

Get Our Latest Research Report on USAR

USA Rare Earth Trading Up 7.5%

The business has a 50-day moving average price of $18.86 and a 200-day moving average price of $20.45. The stock has a market cap of $4.46 billion, a PE ratio of -8.23 and a beta of 2.55.

USA Rare Earth (NASDAQ:USARGet Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The company had revenue of $5.82 million for the quarter. Equities analysts expect that USA Rare Earth Inc. will post -0.47 earnings per share for the current year.

Insider Activity

In other news, Director Carolyn Trabuco sold 13,000 shares of USA Rare Earth stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $22.77, for a total value of $296,010.00. Following the sale, the director owned 18,783 shares in the company, valued at $427,688.91. This trade represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Man Group plc purchased a new position in USA Rare Earth in the 2nd quarter valued at about $2,562,000. Jupiter Topco LLC purchased a new stake in USA Rare Earth during the 2nd quarter worth approximately $3,498,000. SIR Capital Management L.P. purchased a new stake in USA Rare Earth during the 2nd quarter worth approximately $5,404,000. Legal & General Group Plc acquired a new position in shares of USA Rare Earth during the second quarter valued at approximately $3,157,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of USA Rare Earth during the second quarter valued at approximately $2,388,000.

USA Rare Earth Company Profile

(Get Free Report)

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.

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