USA Rare Earth (NASDAQ:USAR) Stock Price Up 10.9% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR)’s share price shot up 10.9% during mid-day trading on Tuesday . The company traded as high as $18.21 and last traded at $17.52. 17,270,954 shares traded hands during trading, an increase of 28% from the average session volume of 13,477,015 shares. The stock had previously closed at $15.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on USAR shares. UBS Group reissued a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. William Blair assumed coverage on USA Rare Earth in a research report on Monday, October 20th. They set an “outperform” rating for the company. Benchmark reissued a “buy” rating on shares of USA Rare Earth in a report on Monday, December 8th. Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a research note on Monday, December 29th. Finally, Roth Capital set a $40.00 target price on USA Rare Earth in a report on Friday, October 10th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $26.33.

USA Rare Earth Stock Performance

The firm has a market cap of $2.32 billion, a PE ratio of -33.69 and a beta of 0.96. The stock has a 50 day simple moving average of $15.15 and a two-hundred day simple moving average of $16.28.

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

Hedge Funds Weigh In On USA Rare Earth

Several large investors have recently made changes to their positions in the company. Advisory Services Network LLC increased its holdings in USA Rare Earth by 2.0% in the third quarter. Advisory Services Network LLC now owns 52,366 shares of the company’s stock valued at $900,000 after buying an additional 1,032 shares in the last quarter. National Bank of Canada FI boosted 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. NewEdge Advisors LLC grew its position in shares of USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock valued at $25,000 after acquiring an additional 1,424 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of USA Rare Earth by 73.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,586 shares of the company’s stock valued at $79,000 after purchasing an additional 1,949 shares in the last quarter. Finally, Osaic Holdings Inc. purchased a new position in shares of USA Rare Earth in the 2nd quarter valued at about $38,000.

USA Rare Earth Company 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.