43,971 Shares in USA Rare Earth Inc. $USAR Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. bought a new position in USA Rare Earth Inc. (NASDAQ:USAR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 43,971 shares of the company’s stock, valued at approximately $949,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its stake in shares of USA Rare Earth by 29.1% during the 1st quarter. Sterling Capital Management LLC now owns 3,676 shares of the company’s stock worth $56,000 after purchasing an additional 829 shares during the period. Pier 88 Investment Partners LLC grew its position 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 purchasing an additional 840 shares during the period. SBI Securities Co. Ltd. grew its position 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 purchasing an additional 936 shares during the period. Advisory Services Network LLC increased its stake 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 purchasing an additional 1,032 shares during the last quarter. Finally, National Bank of Canada FI increased its stake in 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 purchasing an additional 1,100 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have issued reports on USAR. Needham & Company LLC decreased their price target on USA Rare Earth from $39.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Roth Capital dropped their price objective 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. Benchmark reiterated a “buy” rating on shares of USA Rare Earth in a report on Wednesday, June 3rd. Wedbush increased their price objective on shares of USA Rare Earth from $29.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. Finally, Weiss Ratings cut shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Nine investment 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.83.

Insider Buying and Selling at USA Rare Earth

In other news, Director Carolyn Trabuco sold 13,000 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $22.77, for a total value of $296,010.00. Following the completion of the sale, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.10% of the stock is owned by insiders.

USA Rare Earth Trading Down 3.1%

Shares of USA Rare Earth stock opened at $17.26 on Wednesday. The company has a fifty day moving average price of $17.83 and a 200 day moving average price of $20.01. USA Rare Earth Inc. has a twelve month low of $11.45 and a twelve month high of $43.98. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of -7.10 and a beta of 2.58.

USA Rare Earth (NASDAQ:USAR) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The business had revenue of $5.82 million during the quarter. Analysts forecast that USA Rare Earth Inc. will post -0.62 earnings per share for the current year.

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.