USA Rare Earth (NASDAQ:USAR) Trading Up 7.3% – Still a Buy?

USA Rare Earth Inc. (NASDAQ:USAR)’s stock price shot up 7.3% on Monday . The company traded as high as $23.59 and last traded at $23.44. 12,752,142 shares changed hands during trading, a decline of 53% from the average session volume of 27,145,633 shares. The stock had previously closed at $21.84.

Analyst Upgrades and Downgrades

USAR has been the topic of a number of research reports. Roth Mkm boosted their price objective on shares of USA Rare Earth from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. UBS Group reiterated a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Canaccord Genuity Group increased their price objective on shares of USA Rare Earth from $23.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of USA Rare Earth in a research report on Monday, December 29th. Finally, William Blair initiated coverage on USA Rare Earth in a report on Monday, October 20th. They set an “outperform” rating on the stock. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

USA Rare Earth Stock Up 7.1%

The stock’s fifty day moving average price is $17.79 and its 200-day moving average price is $17.83.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.19).

Insider Activity at USA Rare Earth

In other USA Rare Earth news, Director Carolyn Trabuco bought 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were acquired at an average cost of $22.60 per share, with a total value of $29,380.00. Following the acquisition, the director owned 1,300 shares of the company’s stock, valued at $29,380. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Blitzer purchased 100,000 shares of the company’s stock in a transaction that occurred on Thursday, January 29th. The stock was acquired at an average price of $21.44 per share, for a total transaction 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 46.60% of the company’s stock.

Institutional Trading of USA Rare Earth

Several hedge funds and other institutional investors have recently modified their holdings of USAR. Larson Financial Group LLC grew its stake in USA Rare Earth by 217.5% in the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after buying an additional 1,433 shares during the last quarter. NewEdge Advisors LLC lifted its position in USA Rare Earth by 158.2% during the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after acquiring an additional 1,424 shares during the last quarter. Center for Financial Planning Inc. bought a new stake in shares of USA Rare Earth during the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. grew its position in shares of USA Rare Earth by 10,448.0% in the second quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock valued at $29,000 after purchasing an additional 2,612 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in shares of USA Rare Earth by 110.0% during the third quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after purchasing an additional 1,100 shares during the period.

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.