Deutsche Bank AG Makes New Investment in USA Rare Earth Inc. $USAR

Deutsche Bank AG acquired a new stake in USA Rare Earth Inc. (NASDAQ:USAR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 241,698 shares of the company’s stock, valued at approximately $5,216,000.

Other hedge funds also recently made changes to their positions in the company. Weiss Asset Management LP acquired a new stake in USA Rare Earth during the 1st quarter valued at $17,103,000. Jennison Associates LLC purchased a new stake in USA Rare Earth during the 4th quarter worth $1,586,000. Encompass Capital Advisors LLC acquired a new position in USA Rare Earth in the 1st quarter worth $7,038,000. Swiss National Bank lifted its holdings in USA Rare Earth by 67.6% in the 1st quarter. Swiss National Bank now owns 150,500 shares of the company’s stock worth $2,278,000 after buying an additional 60,700 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in USA Rare Earth by 150.9% in the 1st quarter. California State Teachers Retirement System now owns 116,048 shares of the company’s stock worth $1,756,000 after buying an additional 69,787 shares in the last quarter.

USA Rare Earth Price Performance

NASDAQ USAR opened at $18.29 on Tuesday. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of -7.53 and a beta of 2.55. USA Rare Earth Inc. has a 12 month low of $11.45 and a 12 month high of $43.98. The company’s fifty day moving average price is $18.45 and its two-hundred day moving average price is $20.16.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on USAR shares. Wall Street Zen upgraded USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. 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 research note on Wednesday, July 22nd. Benchmark reissued a “buy” rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Cantor Fitzgerald reissued an “overweight” rating on shares of USA Rare Earth in a report on Tuesday, August 11th. Finally, Weiss Ratings lowered USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Nine equities 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, USA Rare Earth presently has an average rating of “Moderate Buy” and an average target price of $35.83.

Insider Buying and Selling

In related news, Director Carolyn Trabuco sold 13,000 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $22.77, for a total value of $296,010.00. Following the completion of the sale, the director directly owned 18,783 shares of the company’s stock, valued at $427,688.91. The trade was a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 9.10% of the company’s stock.

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.