Swiss National Bank Bolsters Stake in USA Rare Earth

Swiss National Bank has significantly increased its stake in USA Rare Earth Inc. (NASDAQ:USAR), acquiring an additional 60,700 shares in the first quarter. This marks a 67.6% increase in the bank's position.

The fund now owns approximately 150,500 shares of USA Rare Earth stock, valued at $2,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC). This represents about 0.07% of the company's outstanding shares.

Several other hedge funds have also increased their stakes in USA Rare Earth during the quarter. Tudor Investment Corp ET AL acquired a new stake worth $8,304,000, while Jennison Associates LLC and JPMorgan Chase & Co. each purchased new stakes valued at $1,586,000 and $734,000 respectively.

Analysts have issued positive ratings for USA Rare Earth, with Wedbush upgrading its price objective to $35.00 and Cantor Fitzgerald maintaining an 'overweight' rating with a target of $40.00.