45,618 Shares in USA Rare Earth Inc. $USAR Bought by Mutual Advisors LLC

Mutual Advisors LLC purchased a new position in shares of USA Rare Earth Inc. (NASDAQ:USAR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 45,618 shares of the company’s stock, valued at approximately $784,000.

A number of other hedge funds also recently made changes to their positions in USAR. Altfest L J & Co. Inc. bought a new position in shares of USA Rare Earth during the 3rd quarter worth about $13,554,000. Geode Capital Management LLC raised its position in USA Rare Earth by 2,437.5% in the second quarter. Geode Capital Management LLC now owns 653,290 shares of the company’s stock worth $7,160,000 after purchasing an additional 627,545 shares in the last quarter. Sovran Advisors LLC acquired a new position in USA Rare Earth in the third quarter worth about $3,832,000. Bank of America Corp DE lifted its stake 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 worth $2,659,000 after purchasing an additional 199,819 shares during the period. Finally, Calamos Advisors LLC acquired a new stake in USA Rare Earth during the third quarter valued at approximately $3,283,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on USAR shares. William Blair started coverage on USA Rare Earth in a report on Monday, October 20th. They issued an “outperform” rating for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of USA Rare Earth in a research note on Monday, December 29th. Canaccord Genuity Group lifted their price objective on USA Rare Earth from $23.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, January 27th. UBS Group reaffirmed a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Finally, Cantor Fitzgerald increased their target price on shares of USA Rare Earth from $28.00 to $35.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Six research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

Insider Activity

In related news, Director Michael Blitzer bought 100,000 shares of the company’s stock in a transaction on Thursday, January 29th. The stock was bought at an average cost of $21.44 per share, with a total value of $2,144,000.00. Following the completion of the purchase, the director owned 847,500 shares in the company, valued at approximately $18,170,400. The trade was a 13.38% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Carolyn Trabuco bought 1,300 shares of USA Rare Earth stock in a transaction dated Thursday, January 29th. The shares were bought at an average price of $22.60 per share, for a total transaction of $29,380.00. Following the completion of the transaction, the director directly owned 1,300 shares of the company’s stock, valued at $29,380. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 46.60% of the company’s stock.

USA Rare Earth Stock Performance

USA Rare Earth stock opened at $20.60 on Friday. The business’s fifty day moving average is $17.40 and its two-hundred day moving average is $17.63. The firm has a market cap of $2.73 billion, a P/E ratio of -39.62 and a beta of 0.93. USA Rare Earth Inc. 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 analysts’ consensus estimates of ($0.06) by ($0.19).

USA Rare Earth 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.