Private Advisory Group LLC Makes New $5.58 Million Investment in USA Rare Earth Inc. $USAR

Private Advisory Group LLC purchased a new stake in USA Rare Earth Inc. (NASDAQ:USAR) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 396,183 shares of the company’s stock, valued at approximately $5,578,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. KBC Group NV acquired a new position in shares of USA Rare Earth during the first quarter worth about $35,000. State of Wyoming grew its stake in shares of USA Rare Earth by 100.4% in the first quarter. State of Wyoming now owns 2,509 shares of the company’s stock valued at $38,000 after buying an additional 1,257 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of USA Rare Earth in the second quarter valued at about $38,000. First PREMIER Bank raised its holdings in shares of USA Rare Earth by 100.0% during the 2nd quarter. First PREMIER Bank now owns 2,000 shares of the company’s stock valued at $43,000 after buying an additional 1,000 shares during the period. Finally, MCF Advisors LLC purchased a new stake in shares of USA Rare Earth during the 2nd quarter valued at about $43,000.

Analysts Set New Price Targets

USAR has been the topic of several recent research reports. Wall Street Zen lowered USA Rare Earth from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of USA Rare Earth in a research report on Wednesday, November 4th. Roth Capital dropped their price objective on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Cantor Fitzgerald dropped their price objective on shares of USA Rare Earth from $40.00 to $30.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Jefferies Financial Group reissued a “buy” rating on shares of USA Rare Earth in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, USA Rare Earth has a consensus rating of “Moderate Buy” and an average price target of $32.29.

USA Rare Earth Stock Down 2.4%

Shares of NASDAQ USAR opened at $8.07 on Friday. USA Rare Earth Inc. has a 1 year low of $6.84 and a 1 year high of $32.80. The stock’s 50-day simple moving average is $12.47 and its 200-day simple moving average is $18.28.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings results on Monday, November 9th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.25). USA Rare Earth had a negative net margin of 716.54% and a negative return on equity of 12.81%. The business had revenue of $3.00 million during the quarter, compared to analysts’ expectations of $6.50 million. During the same period in the prior year, the company posted ($0.25) EPS. Research analysts forecast that USA Rare Earth Inc. will post -0.74 earnings per share for the current fiscal year.

USA Rare Earth Profile

USA Rare Earth, Inc. is developing a U.S.-focused supply chain for rare earth materials and permanent magnets used in electric vehicles, wind turbines, electronics, aerospace and defense applications. Its planned activities span mineral extraction, materials processing and magnet manufacturing. The company is advancing the Round Top deposit in West Texas, a project that contains rare earth elements as well as other minerals used in advanced technologies. USA Rare Earth has described the deposit as a potential source of both light and heavy rare earths, which are important inputs for high-performance magnets and other industrial products.