USA Rare Earth price target raised to $30 from $25 at Roth Capital

Roth Capital raised the firm’s price target on USA Rare Earth (USAR) to $30 from $25 and keeps a Buy rating on the shares. The acquisition of Serra Verde solidifies the company’s mining and metal production capabilities, the analyst tells investors in a research note. Roth is “encouraged by the strong projected” EBITDA generation opportunity for the combined company. The firm says USA Rare Earth is well funded post transaction, with cash of $1.2B and access to further Department of Commerce loan facilities totaling an additional $1.8B.

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