UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 131,219 Shares of USA Rare Earth Inc. $USAR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of USA Rare Earth Inc. (NASDAQ:USAR) by 103.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 258,383 shares of the company’s stock after buying an additional 131,219 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in USA Rare Earth were worth $5,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC raised its stake in shares of USA Rare Earth by 217.5% during the 4th quarter. Larson Financial Group LLC now owns 2,092 shares of the company’s stock valued at $25,000 after purchasing an additional 1,433 shares during the period. NewEdge Advisors LLC boosted its stake in USA Rare Earth by 158.2% in the 2nd quarter. NewEdge Advisors LLC now owns 2,324 shares of the company’s stock worth $25,000 after purchasing an additional 1,424 shares during the period. Ascentis Independent Advisors purchased a new position in USA Rare Earth during the 1st quarter valued at about $27,000. Center for Financial Planning Inc. purchased a new position in USA Rare Earth during the 4th quarter valued at about $28,000. Finally, Havemeyer Place LP purchased a new position in USA Rare Earth during the 4th quarter valued at about $33,000.

Analyst Upgrades and Downgrades

USAR has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of USA Rare Earth from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Wedbush boosted their price objective on shares of USA Rare Earth from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Roth Capital decreased their target price on shares of USA Rare Earth from $40.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, July 21st. Weiss Ratings cut shares of USA Rare Earth from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Finally, Needham & Company LLC cut their price target on shares of USA Rare Earth from $39.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Ten equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $33.71.

USA Rare Earth Stock Up 0.3%

Shares of NASDAQ USAR opened at $17.66 on Wednesday. The stock’s 50-day simple moving average is $17.50 and its two-hundred day simple moving average is $19.96. USA Rare Earth Inc. has a twelve month low of $11.45 and a twelve month high of $43.98. The firm has a market capitalization of $3.94 billion, a P/E ratio of -7.27 and a beta of 2.58.

USA Rare Earth (NASDAQ:USAR) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The firm had revenue of $5.82 million during the quarter. As a group, research analysts anticipate that USA Rare Earth Inc. will post -0.62 EPS for the current fiscal year.

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.