Analysts Set USA Rare Earth Inc. (NASDAQ:USAR) Target Price at $34.33

Shares of USA Rare Earth Inc. (NASDAQ:USAR) have received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $34.3333.

Several equities research analysts have commented on the stock. Weiss Ratings reiterated 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 shares of USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Canaccord Genuity Group increased their price objective on USA Rare Earth from $23.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Cantor Fitzgerald increased their price objective on USA Rare Earth from $28.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Finally, Benchmark began coverage on shares of USA Rare Earth in a report on Wednesday, January 21st. They issued a “buy” rating on the stock.

Insider Buying and Selling

In related news, Director Carolyn Trabuco acquired 1,300 shares of the firm’s stock in a transaction on 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 acquisition, the director owned 1,300 shares of the company’s stock, valued at $29,380. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Blitzer bought 100,000 shares of the stock in a transaction dated Thursday, January 29th. The stock was purchased at an average price of $21.44 per share, with a total value of $2,144,000.00. Following the purchase, the director owned 847,500 shares in the company, valued at $18,170,400. This trade represents a 13.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 46.60% of the stock is owned by corporate insiders.

Institutional Trading of USA Rare Earth

Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in USA Rare Earth by 217.5% during the fourth quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after purchasing an additional 1,433 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of 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 purchasing an additional 1,424 shares during the last quarter. Center for Financial Planning Inc. purchased a new position in USA Rare Earth during the fourth quarter worth $28,000. SBI Securities Co. Ltd. boosted its stake in shares of USA Rare Earth by 10,448.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock worth $29,000 after purchasing an additional 2,612 shares during the period. Finally, Havemeyer Place LP purchased a new position in USA Rare Earth during the 4th quarter valued at $33,000.

USA Rare Earth Trading Down 6.1%

Shares of USA Rare Earth stock opened at $18.90 on Friday. The business has a 50-day moving average price of $18.83 and a two-hundred day moving average price of $18.35. The company has a market cap of $2.51 billion, a P/E ratio of -36.35 and a beta of 0.93. USA Rare Earth has a 1-year low of $5.56 and a 1-year high of $43.98.

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.