USA Rare Earth (NASDAQ:USAR) Shares Gap Up – Time to Buy?

USA Rare Earth Inc. (NASDAQ:USAR) shares gapped up prior to trading on Friday . The stock had previously closed at $17.69, but opened at $18.65. USA Rare Earth shares last traded at $17.8480, with a volume of 7,435,359 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have issued reports on USAR shares. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of USA Rare Earth in a report on Tuesday, August 11th. Jefferies Financial Group began coverage on shares of USA Rare Earth in a research note on Wednesday. They issued a “buy” rating and a $21.00 target price for the company. Roth Capital decreased their price target on USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Tuesday, July 21st. Weiss Ratings cut shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen raised USA Rare Earth from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Ten analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $33.71.

USA Rare Earth Stock Performance

The company’s fifty day moving average price is $17.70 and its two-hundred day moving average price is $19.99. The firm has a market capitalization of $3.90 billion, a PE ratio of -7.14 and a beta of 2.58.

USA Rare Earth (NASDAQ:USAR) last issued its earnings results on Monday, August 10th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The company had revenue of $5.82 million during the quarter. On average, equities analysts expect that USA Rare Earth Inc. will post -0.62 earnings per share for the current year.

Insider Buying and Selling at USA Rare Earth

In other news, Director Carolyn Trabuco sold 13,000 shares of the company’s 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 of the company’s stock, valued at $427,688.91. This represents a 40.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.10% of the stock is owned by insiders.

Institutional Investors Weigh In On USA Rare Earth

A number of large investors have recently added to or reduced their stakes in USAR. Larson Financial Group LLC increased its position in shares of USA Rare Earth by 217.5% during the fourth 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 last quarter. NewEdge Advisors LLC increased its position in USA Rare Earth by 158.2% in the second 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. Ascentis Independent Advisors acquired a new stake in shares of USA Rare Earth in the 1st quarter worth about $27,000. Center for Financial Planning Inc. acquired a new position in USA Rare Earth during the 4th quarter valued at about $28,000. Finally, Havemeyer Place LP acquired a new stake in shares of USA Rare Earth in the fourth quarter valued at approximately $33,000.

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.