On September 4, USA Rare Earth Inc. rose 8.59% in regular trading, trading at $18.46/share, with turnover of $122 million.

On the news front, the company announced it has officially completed its previously disclosed $2.8 billion cash-and-stock acquisition of Serra Verde Group. Serra Verde is the only company outside Asia capable of producing all four magnetic rare earth elements at scale. Its Goias, Brazil operation is expected to reach a run-rate of approximately 4,000 tons per year of total rare earth oxide production by year-end, with a second-stage target of 6,400 tons per year now underway. The deal further expands USA Rare Earth Inc.'s asset footprint across the US, the UK, and France.

Separately, Jefferies recently initiated coverage of the stock with a Buy rating and a $21 price target. According to FactSet, the average analyst rating stands at Buy with a mean price target of $35.75. The company reported Q2 revenue of $5.8 million and held approximately $1.53 billion in cash as of the end of June.

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