USA Rare Earth (NASDAQ:USAR) Stock Price Up 5.1% – Still a Buy?

USA Rare Earth Inc. (NASDAQ:USAR) rose 5.1% on Monday . The stock traded as high as $30.70 and last traded at $29.43. Approximately 22,127,738 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 18,623,965 shares. The stock had previously closed at $28.01.

More USA Rare Earth News

Here are the key news stories impacting USA Rare Earth this week:

• Positive Sentiment: USA Rare Earth said it will invest about $1.2 billion to build a new rare earth metals and magnet manufacturing facility in Cherokee County/Blacksburg, South Carolina, a move expected to expand its “mine-to-magnet” footprint and support U.S. supply chain independence. Article Title
• Positive Sentiment: The South Carolina project is expected to create about 490 high-skill manufacturing jobs and benefit from incentives such as grants, tax credits, exemptions, and confirmed energy delivery, which lowers execution risk and improves the economics of the buildout. Article Title
• Positive Sentiment: Investors are also reacting to broader enthusiasm around rare earth stocks, with commentary noting USAR is near a buy point as the sector benefits from strong demand and supply-chain concerns. Article Title

Wall Street Analyst Weigh In

USAR has been the subject of several research analyst reports. Needham & Company LLC started coverage on USA Rare Earth in a research note on Monday. They issued a “buy” rating and a $39.00 price objective for the company. Wedbush raised their price target on USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Cantor Fitzgerald raised their price target on USA Rare Earth from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, May 14th. Roth Mkm set a $30.00 price target on USA Rare Earth in a research report on Monday, April 20th. Finally, Northland Securities started coverage on USA Rare Earth in a research report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price target for the company. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $36.00.

USA Rare Earth Price Performance

The firm has a market cap of $6.85 billion, a PE ratio of -7.83 and a beta of 2.33. The stock has a 50-day moving average price of $21.38 and a 200 day moving average price of $18.96.

USA Rare Earth (NASDAQ:USAR) last issued its earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $5.70 million during the quarter. As a group, equities research analysts anticipate 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 modified their holdings of the business. Sterling Capital Management LLC increased 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 valued at $56,000 after buying an additional 829 shares during the last quarter. Pier 88 Investment Partners LLC increased its holdings in USA Rare Earth by 2.5% in 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 during the last quarter. SBI Securities Co. Ltd. increased its holdings in USA Rare Earth by 20.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock valued at $66,000 after buying an additional 936 shares during the last quarter. Advisory Services Network LLC increased its holdings in USA Rare Earth by 2.0% in the third quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock valued at $900,000 after buying an additional 1,032 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in 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 valued at $36,000 after buying an additional 1,100 shares during the last quarter.

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.