USA Rare Earth (NASDAQ:USAR) Trading 2.4% Higher – Still a Buy?

by · The Cerbat Gem

USA Rare Earth Inc. (NASDAQ:USAR – Get Free Report)’s stock price traded up 2.4% during trading on Friday . The stock traded as high as $14.02 and last traded at $13.84. 23,063,926 shares traded hands during trading, an increase of 290% from the average session volume of 5,920,784 shares. The stock had previously closed at $13.52.

Analyst Ratings Changes

USAR has been the topic of a number of research analyst reports. UBS Group reaffirmed a “buy” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Canaccord Genuity Group lifted their target price on shares of USA Rare Earth from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Weiss Ratings reissued a “sell (d)” rating on shares of USA Rare Earth in a research note on Monday, December 8th. Finally, Roth Capital set a $40.00 price objective on shares of USA Rare Earth in a report on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.33.

View Our Latest Stock Report on USAR

USA Rare Earth Stock Up 2.4%

The business’s 50-day simple moving average is $18.90 and its two-hundred day simple moving average is $16.09. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of -26.62 and a beta of 0.91.

USA Rare Earth (NASDAQ:USAR – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.19).

Institutional Investors Weigh In On USA Rare Earth

A number of hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI lifted its position in shares of USA Rare Earth by 110.0% during the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock worth $36,000 after purchasing an additional 1,100 shares during the last quarter. NewEdge Advisors LLC lifted its stake in USA Rare Earth by 158.2% during the second quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after purchasing an additional 1,424 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in USA Rare Earth by 10,448.0% in the second quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock valued at $29,000 after purchasing an additional 2,612 shares in the last quarter. Osaic Holdings Inc. purchased a new position in USA Rare Earth in the second quarter valued at approximately $38,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in USA Rare Earth during the third quarter worth approximately $69,000.

USA Rare Earth Company Profile

(Get Free Report)

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.

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