USA Rare Earth Inc. (NASDAQ:USAR) Receives Average Rating of “Moderate Buy” from Analysts

USA Rare Earth Inc. (NASDAQ:USAR) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $33.7143.

A number of analysts have issued reports on USAR shares. Roth Capital reduced their target price on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Weiss Ratings lowered shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Cantor Fitzgerald reiterated an “overweight” rating on shares of USA Rare Earth in a report on Tuesday, August 11th. Finally, Jefferies Financial Group began coverage on USA Rare Earth in a report on Wednesday, September 2nd. They set a “buy” rating and a $21.00 target price on the stock.

USA Rare Earth Price Performance

Shares of USAR stock opened at $17.06 on Thursday. USA Rare Earth has a fifty-two week low of $11.45 and a fifty-two week high of $43.98. The stock’s 50-day moving average is $17.44 and its two-hundred day moving average is $19.95. The firm has a market cap of $3.81 billion, a P/E ratio of -7.02 and a beta of 2.58.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The firm had revenue of $5.82 million during the quarter. As a group, research analysts expect that USA Rare Earth will post -0.62 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. MCF Advisors LLC acquired a new stake in USA Rare Earth in the 2nd quarter worth approximately $43,000. RFG Advisory LLC grew its holdings in USA Rare Earth by 459.1% during the second quarter. RFG Advisory LLC now owns 59,835 shares of the company’s stock valued at $1,291,000 after purchasing an additional 49,133 shares during the last quarter. IFP Advisors Inc raised its position in shares of USA Rare Earth by 477.4% in the second quarter. IFP Advisors Inc now owns 67,896 shares of the company’s stock valued at $1,465,000 after purchasing an additional 56,137 shares during the period. Arizona State Retirement System lifted its stake in shares of USA Rare Earth by 129.7% in the second quarter. Arizona State Retirement System now owns 48,117 shares of the company’s stock worth $1,038,000 after buying an additional 27,166 shares during the last quarter. Finally, Nykredit A S acquired a new stake in shares of USA Rare Earth in the second quarter worth $115,000.

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.