Brokerages Set USA Rare Earth Inc. (NASDAQ:USAR) PT at $36.83

USA Rare Earth Inc. (NASDAQ:USAR) has earned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $36.8333.

Several research firms have issued reports on USAR. Wedbush lifted their price target on USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Northland Securities initiated coverage on USA Rare Earth in a research report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price objective for the company. Weiss Ratings raised USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Needham & Company LLC assumed coverage on USA Rare Earth in a research note on Monday, June 1st. They issued a “buy” rating and a $39.00 target price on the stock. Finally, Canaccord Genuity Group boosted their target price 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.

Insider Activity

In other news, Director Carolyn Trabuco sold 13,000 shares of USA Rare Earth stock in a transaction that occurred on 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC raised its holdings in shares of USA Rare Earth by 29.1% in the 1st quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock valued at $56,000 after purchasing an additional 829 shares during the period. Pier 88 Investment Partners LLC lifted its stake in USA Rare Earth by 2.5% in the 4th quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock valued at $413,000 after purchasing an additional 840 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in USA Rare Earth by 20.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock worth $66,000 after purchasing an additional 936 shares during the period. Advisory Services Network LLC grew its holdings in USA Rare Earth by 2.0% during the third quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock worth $900,000 after purchasing an additional 1,032 shares during the period. Finally, National Bank of Canada FI increased its position in 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 buying an additional 1,100 shares during the last quarter.

USA Rare Earth Price Performance

Shares of USAR stock opened at $19.15 on Friday. USA Rare Earth has a 12-month low of $9.32 and a 12-month high of $43.98. The firm has a fifty day moving average of $23.96 and a 200-day moving average of $20.25. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of -4.89 and a beta of 2.45.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.04. The company had revenue of $5.70 million during the quarter. On average, equities analysts expect that USA Rare Earth will post -0.35 EPS for the current year.

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.