USA Rare Earth Inc. (NASDAQ:USAR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

USAR has been the subject of several research analyst reports. UBS Group reiterated a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th. Roth Capital set a $40.00 price target on shares of USA Rare Earth in a research note on Friday, October 10th. Canaccord Genuity Group upped their price target on shares of USA Rare Earth from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, November 7th. Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a report on Monday. Finally, Benchmark reaffirmed a “buy” rating on shares of USA Rare Earth in a research report on Monday, December 8th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC raised its position in USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after buying an additional 1,424 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of USA Rare Earth by 10,448.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,637 shares of the company’s stock worth $29,000 after acquiring an additional 2,612 shares in the last quarter. National Bank of Canada FI grew its stake 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 acquiring an additional 1,100 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of USA Rare Earth in the second quarter valued at approximately $38,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of USA Rare Earth in the third quarter worth $69,000.

USA Rare Earth Stock Up 18.9%

USAR opened at $14.15 on Friday. The stock has a market cap of $1.88 billion, a P/E ratio of -27.21 and a beta of 0.96. USA Rare Earth has a 12 month low of $5.56 and a 12 month high of $43.98. The company has a fifty day simple moving average of $15.26 and a 200 day simple moving average of $16.20.

USA Rare Earth (NASDAQ:USAR) last posted its earnings results on Thursday, November 6th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.19).

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.