USA Rare Earth (NASDAQ:USAR) Trading 7.6% Higher – Should You Buy?

Shares of USA Rare Earth Inc. (NASDAQ:USAR) traded up 7.6% during trading on Thursday . The stock traded as high as $16.33 and last traded at $15.92. 13,125,550 shares traded hands during mid-day trading, a decline of 31% from the average session volume of 19,110,063 shares. The stock had previously closed at $14.80.

Analyst Upgrades and Downgrades

USAR has been the topic of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of USA Rare Earth in a report on Friday, March 27th. Cantor Fitzgerald increased their price objective on shares of USA Rare Earth from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Canaccord Genuity Group dropped their target price on shares of USA Rare Earth from $33.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday. Benchmark started coverage on USA Rare Earth in a research note on Wednesday, January 21st. They issued a “buy” rating on the stock. Finally, Roth Mkm upped their target price on USA Rare Earth from $25.00 to $35.00 and gave the company a “buy” rating in a report on Monday, January 26th. Six research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, USA Rare Earth presently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

USA Rare Earth Trading Up 7.6%

The stock’s fifty day moving average is $19.87 and its two-hundred day moving average is $18.82. The company has a market capitalization of $2.11 billion, a PE ratio of -5.31 and a beta of 1.34.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly earnings data on Monday, March 30th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). The company had revenue of $1.64 million for the quarter.

Insider Buying and Selling

In related news, Director Michael Blitzer purchased 100,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was bought at an average price of $21.44 per share, for a total transaction of $2,144,000.00. Following the purchase, the director directly owned 847,500 shares in the company, valued at approximately $18,170,400. This trade represents a 13.38% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carolyn Trabuco purchased 1,300 shares of the stock in a transaction that occurred on Thursday, January 29th. The stock was bought at an average cost of $22.60 per share, for a total transaction of $29,380.00. Following the acquisition, the director directly owned 1,300 shares in the company, valued at $29,380. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 46.60% of the stock is owned by corporate insiders.

Institutional Trading of USA Rare Earth

Several hedge funds have recently made changes to their positions in USAR. Larson Financial Group LLC grew its stake 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 worth $25,000 after acquiring an additional 1,433 shares during the period. National Bank of Canada FI raised its stake in USA Rare Earth by 110.0% in the 3rd quarter. National Bank of Canada FI now owns 2,100 shares of the company’s stock valued at $36,000 after acquiring an additional 1,100 shares during the period. NewEdge Advisors LLC lifted its holdings in USA Rare Earth by 158.2% during the second 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 during the last quarter. Center for Financial Planning Inc. bought a new position in USA Rare Earth during the fourth quarter worth about $28,000. Finally, Havemeyer Place LP bought a new position in USA Rare Earth during the fourth 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.