USA Rare Earth (NASDAQ:USAR) Shares Up 5.5% – What’s Next?

USA Rare Earth Inc. (NASDAQ:USAR)’s share price rose 5.5% during trading on Monday . The company traded as high as $15.30 and last traded at $14.93. 8,695,048 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 17,119,061 shares. The stock had previously closed at $14.15.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on USAR shares. Wall Street Zen upgraded USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Wedbush boosted their target price on USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Weiss Ratings raised USA Rare Earth from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Thursday, May 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $40.00 price target on shares of USA Rare Earth in a research note on Thursday, June 4th. Finally, Roth Capital decreased their price target on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Tuesday, July 21st. Nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.83.

USA Rare Earth Stock Performance

The company has a market cap of $2.97 billion, a P/E ratio of -3.39 and a beta of 2.45. The company has a fifty day moving average price of $21.28 and a two-hundred day moving average price of $20.59.

USA Rare Earth (NASDAQ:USAR) last released its earnings results on Wednesday, May 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.04. The company had revenue of $5.70 million for the quarter. Research analysts anticipate that USA Rare Earth Inc. will post -0.35 EPS for the current year.

Insider Activity

In other news, Director Carolyn Trabuco sold 13,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $22.77, for a total transaction of $296,010.00. Following the sale, the director owned 18,783 shares in the company, valued at $427,688.91. This represents a 40.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 9.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On USA Rare Earth

Institutional investors have recently added to or reduced their stakes in the company. Bayshore Capital Advisors LLC bought a new position in shares of USA Rare Earth in the 4th quarter valued at about $102,378,000. Vanguard Group Inc. grew its holdings in USA Rare Earth by 533.3% during the fourth quarter. Vanguard Group Inc. now owns 6,036,486 shares of the company’s stock worth $71,834,000 after purchasing an additional 5,083,288 shares during the period. Alyeska Investment Group L.P. increased its position in USA Rare Earth by 44.0% during the third quarter. Alyeska Investment Group L.P. now owns 12,799,325 shares of the company’s stock worth $219,034,000 after buying an additional 3,909,455 shares during the last quarter. Inflection Point Holdings II LLC acquired a new position in USA Rare Earth during the fourth quarter worth approximately $37,188,000. Finally, State Street Corp raised its stake in USA Rare Earth by 78.4% in the fourth quarter. State Street Corp now owns 5,032,866 shares of the company’s stock valued at $59,891,000 after buying an additional 2,212,177 shares during the period.

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.