USA Rare Earth (NASDAQ:USAR) Trading Up 12.1% – Should You Buy?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price rose 12.1% during trading on Thursday . The company traded as high as $14.72 and last traded at $14.65. Approximately 10,867,227 shares changed hands during trading, a decline of 36% from the average session volume of 17,030,447 shares. The stock had previously closed at $13.07.

Analysts Set New Price Targets

USAR has been the subject of a number of research analyst reports. Wedbush upped their target price on shares of USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Wall Street Zen raised USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Canaccord Genuity Group lifted 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. Needham & Company LLC cut their price target on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Finally, Weiss Ratings raised USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Nine analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.83.

USA Rare Earth Stock Up 2.0%

The stock’s fifty day moving average price is $20.69 and its 200-day moving average price is $20.51. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of -3.81 and a beta of 2.45.

USA Rare Earth (NASDAQ:USAR) last announced its earnings results on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.04. The business had revenue of $5.70 million for the quarter. Analysts anticipate that USA Rare Earth Inc. will post -0.35 EPS for the current year.

Insider Activity at USA Rare Earth

In other news, Director Carolyn Trabuco sold 13,000 shares of the stock in a transaction dated 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 directly owned 18,783 shares in the company, valued at $427,688.91. This represents a 40.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.10% of the stock is currently owned by corporate insiders.

Institutional Trading of USA Rare Earth

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bayshore Capital Advisors LLC acquired a new position in USA Rare Earth during the fourth quarter valued at approximately $102,378,000. Vanguard Group Inc. increased its position in shares of USA Rare Earth by 533.3% during the 4th quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company’s stock worth $71,834,000 after purchasing an additional 5,083,288 shares during the last quarter. Alyeska Investment Group L.P. increased its position in shares of USA Rare Earth by 44.0% during the 3rd quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock worth $219,034,000 after purchasing an additional 3,909,455 shares during the last quarter. Inflection Point Holdings II LLC bought a new stake in shares of USA Rare Earth during the 4th quarter worth approximately $37,188,000. Finally, State Street Corp raised its stake in shares of USA Rare Earth by 78.4% during the 4th quarter. State Street Corp now owns 5,032,866 shares of the company’s stock worth $59,891,000 after purchasing an additional 2,212,177 shares in the last quarter.

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.