Analyst George Gianarikas of Canaccord Genuity maintained a Buy rating on USA Rare Earth, retaining the price target of $23.00.
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George Gianarikas has given his Buy rating due to a combination of factors that highlight USA Rare Earth’s promising future. The company has announced an accelerated timeline for the commercialization of its Round Top deposit, now planning to start production two years earlier than previously expected. This advancement is attributed to significant progress in their solvent-extraction circuit pilot, which is a crucial step towards operating their Hydromet demonstration facility by early 2026.
Moreover, USA Rare Earth’s strategic acquisition of Less Common Metals is seen as a pivotal move to strengthen their supply chain capabilities. The leadership of new CEO Barbara Humpton, known for her experience in managing large, technology-driven organizations, adds further confidence in the company’s direction. Despite the positive developments, some uncertainties remain, but the potential for early production and strategic positioning in the rare earth market supports the Buy rating.
Gianarikas covers the Industrials sector, focusing on stocks such as Fuelcell Energy, Generac Holdings, and Plug Power. According to TipRanks, Gianarikas has an average return of 11.2% and a 42.81% success rate on recommended stocks.