USA Rare Earth Target of Unusually High Options Trading (NASDAQ:USAR)

USA Rare Earth Inc. (NASDAQ:USAR) was the recipient of unusually large options trading on Thursday. Traders acquired 26,698 call options on the stock. This represents an increase of approximately 46% compared to the average volume of 18,343 call options.

Insider Buying and Selling at USA Rare Earth

In other news, Director Michael Blitzer sold 2,091,849 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $15.75, for a total value of $32,946,621.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 46.60% of the company’s stock.

Institutional Investors Weigh In On USA Rare Earth

Several large investors have recently added to or reduced their stakes in USAR. NewEdge Advisors LLC increased its stake in USA Rare Earth by 158.2% in the second 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 in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of USA Rare Earth by 10,448.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock valued at $29,000 after buying an additional 2,612 shares during the period. Osaic Holdings Inc. bought a new stake in USA Rare Earth in the 2nd quarter valued at about $38,000. Titleist Asset Management LLC increased its position in USA Rare Earth by 20.2% in the 2nd quarter. Titleist Asset Management LLC now owns 29,380 shares of the company’s stock valued at $322,000 after buying an additional 4,930 shares in the last quarter. Finally, LMR Partners LLP acquired a new position in USA Rare Earth during the 2nd quarter worth approximately $145,000.

USA Rare Earth Stock Up 9.2%

Shares of USAR opened at $18.19 on Friday. The business’s 50-day moving average is $14.77. USA Rare Earth has a 1 year low of $5.56 and a 1 year high of $20.00.

USA Rare Earth (NASDAQ:USAR) last released its earnings results on Monday, August 11th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.05.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald began coverage on shares of USA Rare Earth in a report on Friday, August 1st. They set an “overweight” rating and a $16.00 price target for the company. Wall Street Zen downgraded shares of USA Rare Earth from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. Roth Capital reaffirmed a “buy” rating on shares of USA Rare Earth in a report on Friday, June 13th. Finally, Canaccord Genuity Group started coverage on USA Rare Earth in a research note on Friday, June 13th. They issued a “buy” rating and a $17.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $16.00.

About USA Rare Earth

USA Rare Earth, Inc is domestic supplier of rare earth magnets and heavy rare earth elements. It is developing a vertically integrated, domestic supply chain for rare earth element magnet production, with a facility in Stillwater, Oklahoma, and mining rights to the Round Top heavy rare earth and critical minerals deposit in West Texas.