USA Rare Earth Inc. (NASDAQ:USAR) Receives $36.83 Consensus Target Price from Analysts

Shares of USA Rare Earth Inc. (NASDAQ:USAR) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $35.8333.

USAR has been the subject of several research reports. Wedbush increased their price target on USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Canaccord Genuity Group boosted their price objective on USA Rare Earth from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Northland Securities began coverage on shares of USA Rare Earth in a report on Thursday, April 23rd. They set an “outperform” rating and a $45.00 price objective on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $40.00 target price on shares of USA Rare Earth in a research report on Thursday, June 4th. Finally, Needham & Company LLC reduced their target price on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday.

Insiders Place Their Bets

In related news, Director Carolyn Trabuco sold 13,000 shares of USA Rare Earth stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $22.77, for a total value of $296,010.00. Following the completion of the transaction, the director directly owned 18,783 shares in the company, valued at approximately $427,688.91. The trade was a 40.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.10% of the company’s stock.

Hedge Funds Weigh In On USA Rare Earth

Large investors have recently made changes to their positions in the stock. Handelsbanken Fonder AB purchased a new position in shares of USA Rare Earth in the second quarter valued at $1,612,000. Redhawk Wealth Advisors Inc. bought a new stake in shares of USA Rare Earth during the 2nd quarter valued at $200,000. FNY Investment Advisers LLC lifted its holdings in USA Rare Earth by 51,400.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 30,900 shares of the company’s stock worth $666,000 after purchasing an additional 30,840 shares in the last quarter. GK Wealth Management LLC bought a new position in USA Rare Earth in the 2nd quarter worth about $531,000. Finally, GAMMA Investing LLC boosted its stake in USA Rare Earth by 98.9% in the 2nd quarter. GAMMA Investing LLC now owns 3,696 shares of the company’s stock worth $80,000 after purchasing an additional 1,838 shares during the period.

USA Rare Earth Trading Down 6.5%

NASDAQ:USAR opened at $14.15 on Wednesday. USA Rare Earth has a 12 month low of $10.91 and a 12 month high of $43.98. The firm’s 50 day moving average is $21.53 and its 200 day moving average is $20.60. The stock has a market capitalization of $3.16 billion, a PE ratio of -3.61 and a beta of 2.45.

USA Rare Earth (NASDAQ:USAR) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.12) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.04. The firm had revenue of $5.70 million for the quarter. Research analysts predict that USA Rare Earth will post -0.35 earnings per share for the current year.

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.