SIR Capital Management L.P. Takes Position in USA Rare Earth Inc. $USAR

SIR Capital Management L.P. acquired a new stake in USA Rare Earth Inc. (NASDAQ:USAR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 152,500 shares of the company’s stock, valued at approximately $1,815,000. SIR Capital Management L.P. owned approximately 0.11% of USA Rare Earth at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pier 88 Investment Partners LLC boosted its holdings in shares of USA Rare Earth by 2.5% in the fourth quarter. Pier 88 Investment Partners LLC now owns 34,700 shares of the company’s stock valued at $413,000 after acquiring an additional 840 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of USA Rare Earth by 20.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 5,522 shares of the company’s stock valued at $66,000 after acquiring an additional 936 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of 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 acquiring an additional 1,032 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of USA Rare Earth by 110.0% in the third 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 in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of USA Rare Earth by 158.2% in the second 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 in the last quarter.

Insiders Place Their Bets

In related news, Director Carolyn Trabuco sold 13,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 9.10% of the company’s stock.

USA Rare Earth Stock Performance

Shares of NASDAQ:USAR opened at $21.99 on Friday. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of -5.61 and a beta of 2.33. USA Rare Earth Inc. has a 1-year low of $9.32 and a 1-year high of $43.98. The company has a 50 day moving average price of $22.86 and a 200 day moving average price of $19.53.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $40.00 price objective on shares of USA Rare Earth in a report on Thursday, June 4th. Roth Mkm reiterated a “buy” rating on shares of USA Rare Earth in a report on Thursday, June 4th. Needham & Company LLC initiated coverage on shares of USA Rare Earth in a report on Monday, June 1st. They set a “buy” rating and a $39.00 target price for the company. Benchmark restated a “buy” rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Finally, Canaccord Genuity Group raised their target price on shares of USA Rare Earth from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.83.

USA Rare Earth 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.