USA Rare Earth (NASDAQ:USAR) Price Target Lowered to $33.00 at Needham & Company LLC

USA Rare Earth (NASDAQ:USAR) had its price target reduced by Needham & Company LLC from $39.00 to $33.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also issued reports on the stock. Wedbush raised their price target on shares of USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Roth Capital dropped their price objective on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $40.00 price objective on shares of USA Rare Earth in a research note on Thursday, June 4th. Benchmark reissued a “buy” rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Finally, Weiss Ratings upgraded shares of USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $35.83.

USA Rare Earth Stock Performance

Shares of USAR stock opened at $15.82 on Wednesday. The stock’s 50-day simple moving average is $21.92 and its 200-day simple moving average is $20.64. The firm has a market capitalization of $3.53 billion, a PE ratio of -4.04 and a beta of 2.45. USA Rare Earth has a fifty-two week low of $10.91 and a fifty-two week high of $43.98.

USA Rare Earth (NASDAQ:USAR) last released its earnings results on Wednesday, May 13th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.04. The firm had revenue of $5.70 million for the quarter. Sell-side analysts forecast that USA Rare Earth will post -0.35 earnings per share for the current year.

Insider Transactions at USA Rare Earth

In related news, Director Carolyn Trabuco sold 13,000 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $22.77, for a total transaction of $296,010.00. Following the sale, the director owned 18,783 shares in the company, valued at approximately $427,688.91. This trade represents a 40.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of USAR. Larson Financial Group LLC grew its position in shares of USA Rare Earth by 217.5% during the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after acquiring an additional 1,433 shares during the period. NewEdge Advisors LLC increased its stake in shares of 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 purchasing an additional 1,424 shares in the last quarter. Ascentis Independent Advisors acquired a new position in USA Rare Earth in the 1st quarter worth about $27,000. Center for Financial Planning Inc. acquired a new position in USA Rare Earth in the 4th quarter worth about $28,000. Finally, Havemeyer Place LP acquired a new position in USA Rare Earth in the 4th quarter worth about $33,000.

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.