SIR Capital Management L.P. Makes New $5.40 Million Investment in USA Rare Earth Inc. $USAR

SIR Capital Management L.P. acquired a new position in USA Rare Earth Inc. (NASDAQ:USAR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 250,414 shares of the company’s stock, valued at approximately $5,404,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC boosted 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 worth $25,000 after buying an additional 1,424 shares during the period. Raymond James Financial Inc. purchased a new stake in USA Rare Earth in the 2nd quarter worth $223,000. Lighthouse Investment Partners LLC bought a new stake in USA Rare Earth during the second quarter valued at about $329,000. Bank of America Corp DE raised its holdings in USA Rare Earth by 465.7% during the second quarter. Bank of America Corp DE now owns 242,726 shares of the company’s stock valued at $2,659,000 after acquiring an additional 199,819 shares during the period. Finally, LMR Partners LLP purchased a new position in shares of USA Rare Earth in the second quarter valued at about $145,000.

Insider Activity at USA Rare Earth

In related news, Director Carolyn Trabuco sold 13,000 shares of the 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 transaction, the director directly owned 18,783 shares of the company’s stock, valued at approximately $427,688.91. This represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.10% of the company’s stock.

USA Rare Earth Stock Down 5.0%

Shares of USAR stock opened at $18.29 on Tuesday. The stock has a market cap of $4.08 billion, a P/E ratio of -7.53 and a beta of 2.55. USA Rare Earth Inc. has a 52 week low of $11.45 and a 52 week high of $43.98. The company’s fifty day simple moving average is $18.45 and its two-hundred day simple moving average is $20.16.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $5.82 million during the quarter. On average, analysts anticipate that USA Rare Earth Inc. will post -0.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on USAR. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research report on Wednesday, June 3rd. Needham & Company LLC lowered their price target on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Wall Street Zen upgraded USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Wedbush upped their price target on USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Finally, Roth Capital cut their price objective on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, July 21st. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.83.

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.