USA Rare Earth (NASDAQ:USAR) Trading 4.2% Higher – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR) shares traded up 4.2% on Friday . The company traded as high as $26.71 and last traded at $25.30. 18,170,970 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 18,654,641 shares. The stock had previously closed at $24.29.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wedbush raised their target price on shares of USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Wall Street Zen raised shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Roth Mkm set a $30.00 target price on shares of USA Rare Earth in a research note on Monday, April 20th. Canaccord Genuity Group raised their price target on shares of USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Finally, Northland Securities started coverage on shares of USA Rare Earth in a report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price target for the company. Eight research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.40.

USA Rare Earth Trading Up 4.2%

The stock’s fifty day moving average price is $20.28 and its 200-day moving average price is $18.45. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of -6.45 and a beta of 2.38.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $5.70 million for the quarter. Analysts predict that USA Rare Earth Inc. will post -0.33 earnings per share for the current year.

Institutional Trading of USA Rare Earth

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ascentis Independent Advisors acquired a new stake in USA Rare Earth in the 1st quarter valued at approximately $27,000. Larson Financial Group LLC increased its holdings 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 purchasing an additional 1,433 shares during the last quarter. National Bank of Canada FI increased its holdings in USA Rare Earth by 110.0% in the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after purchasing an additional 1,100 shares during the last quarter. KBC Group NV acquired a new stake in USA Rare Earth in the 1st quarter valued at approximately $35,000. Finally, NewEdge Advisors LLC increased its holdings in USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after purchasing an additional 1,424 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.