USA Rare Earth (NASDAQ:USAR) Shares Up 11% – Should You Buy?

Shares of USA Rare Earth Inc. (NASDAQ:USAR) were up 11% during trading on Friday . The company traded as high as $19.62 and last traded at $19.33. Approximately 18,831,587 shares traded hands during trading, an increase of 12% from the average session volume of 16,841,369 shares. The stock had previously closed at $17.41.

Analyst Ratings Changes

Several research analysts have recently issued reports on USAR shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $40.00 price objective on shares of USA Rare Earth in a report on Thursday, June 4th. Needham & Company LLC decreased their price target on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings raised USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. Wedbush upped their price objective on USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Finally, Canaccord Genuity Group lifted their target price on USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.83.

USA Rare Earth Price Performance

The company has a market cap of $4.31 billion, a PE ratio of -4.93 and a beta of 2.55. The stock has a fifty day moving average price of $19.89 and a 200-day moving average price of $20.51.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings results 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 for the quarter. On average, equities analysts anticipate that USA Rare Earth Inc. will post -0.35 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Carolyn Trabuco sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $22.77, for a total transaction of $296,010.00. Following the transaction, the director owned 18,783 shares of the company’s stock, valued at approximately $427,688.91. This trade represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 9.10% of the company’s stock.

Institutional Trading of USA Rare Earth

Several large investors have recently added to or reduced their stakes in USAR. Sterling Capital Management LLC boosted its holdings in USA Rare Earth by 29.1% in the first quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock worth $56,000 after purchasing an additional 829 shares in the last quarter. Pier 88 Investment Partners LLC raised its holdings in USA Rare Earth by 2.5% during the fourth quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock valued at $413,000 after buying an additional 840 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of USA Rare Earth by 20.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock worth $66,000 after buying an additional 936 shares during the last quarter. Advisory Services Network LLC lifted its position in shares of USA Rare Earth by 2.0% in the third quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock worth $900,000 after buying an additional 1,032 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in shares of USA Rare Earth by 110.0% in 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 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.