USA Rare Earth Inc. (NASDAQ:USAR) Receives $36.00 Consensus PT from Analysts

Shares of USA Rare Earth Inc. (NASDAQ:USAR) have earned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and nine have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $36.8333.

A number of equities analysts have recently issued reports on USAR shares. Roth Mkm restated a “buy” rating on shares of USA Rare Earth in a research report on Thursday. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research note on Wednesday, June 3rd. Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 price objective on shares of USA Rare Earth in a research report on Thursday. Weiss Ratings upgraded shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. Finally, Wedbush upped their target price on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, May 12th.

Insider Transactions at USA Rare Earth

In other USA Rare Earth news, Director Carolyn Trabuco sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $22.77, for a total transaction 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. This represents a 40.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC raised its stake in shares of USA Rare Earth by 32.2% during the first quarter. Janus Henderson Group PLC now owns 34,456 shares of the company’s stock worth $521,000 after purchasing an additional 8,387 shares during the last quarter. California State Teachers Retirement System grew its position 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 valued at $1,756,000 after buying an additional 69,787 shares during the last quarter. Royal Bank of Canada grew its position in USA Rare Earth by 46.5% in the 1st quarter. Royal Bank of Canada now owns 98,399 shares of the company’s stock valued at $1,489,000 after buying an additional 31,245 shares during the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of USA Rare Earth in the 1st quarter worth $7,038,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of USA Rare Earth by 106.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 97,802 shares of the company’s stock worth $1,480,000 after acquiring an additional 50,409 shares during the period.

USA Rare Earth Stock Performance

USA Rare Earth stock opened at $22.21 on Tuesday. The company has a market capitalization of $4.95 billion, a P/E ratio of -5.67 and a beta of 2.33. USA Rare Earth has a fifty-two week low of $9.32 and a fifty-two week high of $43.98. The stock has a 50-day simple moving average of $22.33 and a 200-day simple moving average of $19.34.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.04. The firm had revenue of $5.70 million for the quarter. As a group, analysts forecast that USA Rare Earth will post -0.35 earnings per share for the current year.

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.