Analysts Set USA Rare Earth Inc. (NASDAQ:USAR) PT at $26.33

USA Rare Earth Inc. (NASDAQ:USAR) has been given an average rating of “Moderate Buy” by the five research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $26.3333.

A number of analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of USA Rare Earth in a research report on Thursday. Wall Street Zen lowered USA Rare Earth from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. William Blair began coverage on USA Rare Earth in a report on Monday, October 20th. They set an “outperform” rating on the stock. Canaccord Genuity Group upped their target price on USA Rare Earth from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, Roth Capital set a $40.00 price target on shares of USA Rare Earth in a research report on Friday, October 10th.

USA Rare Earth Trading Down 2.4%

NASDAQ USAR opened at $14.49 on Friday. The stock has a market cap of $1.92 billion, a P/E ratio of -27.87 and a beta of 0.77. The company’s fifty day simple moving average is $20.84 and its 200-day simple moving average is $15.31. USA Rare Earth has a 52 week low of $5.56 and a 52 week high of $43.98.

USA Rare Earth (NASDAQ:USAR) last released 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning acquired a new stake in shares of USA Rare Earth in the 3rd quarter valued at about $201,000. Financial Sense Advisors Inc. acquired a new stake in USA Rare Earth during the third quarter valued at approximately $791,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in USA Rare Earth during the third quarter valued at approximately $273,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in USA Rare Earth during the 3rd quarter worth approximately $347,000. Finally, Concentric Capital Strategies LP acquired a new position in shares of USA Rare Earth in the 3rd quarter worth approximately $580,000.

USA Rare Earth Company Profile

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.