USA Rare Earth (NASDAQ:USAR) Upgraded by Needham & Company LLC to Moderate Buy Rating

USA Rare Earth (NASDAQ:USAR) was upgraded by research analysts at Needham & Company LLC to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other research firms have also recently commented on USAR. Canaccord Genuity Group lifted their price target on USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Roth Mkm set a $30.00 price target on USA Rare Earth in a report on Monday, April 20th. Weiss Ratings upgraded USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a report on Thursday, May 14th. Wall Street Zen upgraded USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a report on Wednesday. Nine equities 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 stock has an average rating of “Moderate Buy” and an average target price of $36.00.

USA Rare Earth Stock Performance

USA Rare Earth stock opened at $27.98 on Monday. USA Rare Earth has a 52 week low of $9.01 and a 52 week high of $43.98. The stock has a market capitalization of $6.24 billion, a P/E ratio of -7.14 and a beta of 2.33. The stock has a 50-day simple moving average of $21.88 and a 200 day simple moving average of $19.15.

USA Rare Earth (NASDAQ:USAR) last posted its quarterly 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 business had revenue of $5.70 million for the quarter. Research analysts forecast that USA Rare Earth will post -0.33 earnings per share for the current year.

Institutional Investors Weigh In On USA Rare Earth

A number of institutional investors have recently made changes to their positions in the company. Ascentis Independent Advisors bought a new position in USA Rare Earth during the 1st quarter worth $27,000. Larson Financial Group LLC increased its position in 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 buying an additional 1,433 shares during the period. National Bank of Canada FI increased its position in 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 buying an additional 1,100 shares during the period. KBC Group NV bought a new position in USA Rare Earth during the 1st quarter worth $35,000. Finally, NewEdge Advisors LLC increased its position in USA Rare Earth by 158.2% during the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after buying an additional 1,424 shares during the period.

Trending Headlines about USA Rare Earth

Here are the key news stories impacting USA Rare Earth this week:

• Positive Sentiment: USA Rare Earth secured definitive agreements with the Commerce Department, unlocking up to $1.6 billion in CHIPS Act funding to accelerate its vertically integrated U.S. rare earth supply chain. Reuters article
• Positive Sentiment: The funding package strengthens USA Rare Earth’s balance sheet and supports expansion plans, including a new South Carolina facility that could significantly boost domestic magnet and rare earth metals production. GlobeNewswire article
• Neutral Sentiment: The company selected Cherokee County, South Carolina, for a new $1.2 billion manufacturing hub expected to create about 490 jobs and expand capacity, reinforcing the growth story but also implying heavy capital spending ahead. Reuters article
• Neutral Sentiment: Some reports noted a pullback after recent gains, suggesting the stock may be pausing as traders digest the size of the funding package and the execution risks tied to the expansion. Yahoo Finance article

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.